BC Assessment 2012 Assessment Roll Factsheet
The role of BC Assessment:
BC Assessment is a provincial Crown corporation, governed by a Board of Directors and accountable to the Minister of Community and Rural Development. Our role is to accurately value and classify all properties in British Columbia, producing assessments that are fair, equitable and uniform.
How we assess properties:
BC Assessment estimates the value of most properties (eg., homes) as of July 1 each year, based on market value.
How we value your home:
BC Assessment will assess properties reflecting their physical condition and permitted use as of October 31, 2011 using valuation date of July 1, 2011. In determining assessed value, an appraiser considers a wide variety of factors such as size, age, shape, quality, condition and location of properties. Services in the area (location, views, neighbourhood) and supply and demand may also influence property value. Changes such as new construction or inventory, permitted use (e.g., zoning), property class, occupation, eligibility for an exemption or in the taxing jurisdiction boundary will be reflected on the
assessment roll.
Will I receive an assessment notice?
Yes. All property owners will receive a notice of their 2011 assessment in the mail in early January 2012.
What kind of property information does BC Assessment provide on its website?
BC Assessment’s website (www.bcassessment.ca) contains a link to e-valueBC which enables the public to compare the current year’s property assessments for most properties in B.C. throughout the year. In addition, from January 1, 2012 through March 15, 2012, e-valueBC also publishes the sale price of most properties that sold between January 1, 2011
and October 31, 2011.
Can I appeal my 2011 property assessment?
No. The appeal period for 2010 assessments has expired.
Can I appeal my 2012 property assessment if I don’t agree with it?
Yes. Property owners are encouraged to first contact BC Assessment in January 2012 if they have concerns about their assessment. Property owners who disagree with their assessment can file a formal Notice of Complaint (Appeal) with the
province’s Property Assessment Review Panel. For more information on this process, refer to the back page of your assessment notice when you receive it in January 2012.
How will my property taxes be affected?
BC Assessment does not have a direct role in setting property taxes. Taxing authorities (municipalities, regional districts) set their tax rates for property taxes based on their budget requirements. Contact your municipality or taxing authority if you have questions about your property tax.
Source: BC Assessment Authority
BC Assessment is a provincial Crown corporation, governed by a Board of Directors and accountable to the Minister of Community and Rural Development. Our role is to accurately value and classify all properties in British Columbia, producing assessments that are fair, equitable and uniform.
How we assess properties:
BC Assessment estimates the value of most properties (eg., homes) as of July 1 each year, based on market value.
How we value your home:
BC Assessment will assess properties reflecting their physical condition and permitted use as of October 31, 2011 using valuation date of July 1, 2011. In determining assessed value, an appraiser considers a wide variety of factors such as size, age, shape, quality, condition and location of properties. Services in the area (location, views, neighbourhood) and supply and demand may also influence property value. Changes such as new construction or inventory, permitted use (e.g., zoning), property class, occupation, eligibility for an exemption or in the taxing jurisdiction boundary will be reflected on the
assessment roll.
Will I receive an assessment notice?
Yes. All property owners will receive a notice of their 2011 assessment in the mail in early January 2012.
What kind of property information does BC Assessment provide on its website?
BC Assessment’s website (www.bcassessment.ca) contains a link to e-valueBC which enables the public to compare the current year’s property assessments for most properties in B.C. throughout the year. In addition, from January 1, 2012 through March 15, 2012, e-valueBC also publishes the sale price of most properties that sold between January 1, 2011
and October 31, 2011.
Can I appeal my 2011 property assessment?
No. The appeal period for 2010 assessments has expired.
Can I appeal my 2012 property assessment if I don’t agree with it?
Yes. Property owners are encouraged to first contact BC Assessment in January 2012 if they have concerns about their assessment. Property owners who disagree with their assessment can file a formal Notice of Complaint (Appeal) with the
province’s Property Assessment Review Panel. For more information on this process, refer to the back page of your assessment notice when you receive it in January 2012.
How will my property taxes be affected?
BC Assessment does not have a direct role in setting property taxes. Taxing authorities (municipalities, regional districts) set their tax rates for property taxes based on their budget requirements. Contact your municipality or taxing authority if you have questions about your property tax.
Source: BC Assessment Authority