When the latest B.C. property assessment arrived in your mailbox earlier this month, you may have had mixed feelings. If your property is typical of Victoria - or indeed most of the province - the assessed value of your property has probably increased by a percentage that's in the double-digits. On one hand, you've gained more equity simply by continuing to own your home. On the other hand, a higher assessment also brings higher property taxes that you may not have budgeted for.