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NO, BC assessment and market price u can't really put a formula to it, it's more like JUST a REFERENCE only!!!!!!! For single family home, I wouldn't really look at the house value but the land value for reference only, it's really case by case, so also depends on what kind of housing you are referring to...

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The reason is they wouldn't go into the house and check the condition, they just rougly estimate it depends on the year it was built. A crappy house and a nicely built house, a remodelled house and a run down house they can have such a huge difference when you put it out to the market and does the assessment really care about that?

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