The tax assessed values have always been low compared to market value for most lower mainland homes, but they are becoming really out of whack these days. Part of the reason is that they are stale. BC Assessment numbers are done as of July 1st every year and are released in January of the following year so they are not right up to date. However I have to wonder if BC Assessment really looks at each individual home and its position on the street like it says it does. Or how much data it really crunches in coming up with the values these days?