BC Assessment Authority
Encyclopedia
The British Columbia Assessment Authority is a publicly-owned Crown Corporation in the Province of British Columbia
, Canada
.
BC Assessment was created in 1974, as a result of a provincial government all-party committee unanimous recommendation that an independent assessment agency be created.
Its mandate is to provide property assessment values for property owners in the province. This information is primarily used in the calculation of property tax
payable to the provincial government or relevant municipality in British Columbia. In 2009, some $6 billion (CAD) was raised in B.C. from property tax levies. In 2009, the total value of assessments in the province were $969 billion. By 2010, that number had grown to $1.04 trillion. Most assessments are of the market value of the real proerty.
In 2009 (for the 2010 roll), assessment appeals remained low, compared to many other property-taxing provinces and states. Some 98.5% of assessments were accepted without appeal.
BC Assessment has approximately 650 full-time staff positions in 17 offices throughout the province. B.C. Assessment's annual budget is just over $77 million.
British Columbia
British Columbia is the westernmost of Canada's provinces and is known for its natural beauty, as reflected in its Latin motto, Splendor sine occasu . Its name was chosen by Queen Victoria in 1858...
, Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
.
BC Assessment was created in 1974, as a result of a provincial government all-party committee unanimous recommendation that an independent assessment agency be created.
Its mandate is to provide property assessment values for property owners in the province. This information is primarily used in the calculation of property tax
Property tax
A property tax is an ad valorem levy on the value of property that the owner is required to pay. The tax is levied by the governing authority of the jurisdiction in which the property is located; it may be paid to a national government, a federated state or a municipality...
payable to the provincial government or relevant municipality in British Columbia. In 2009, some $6 billion (CAD) was raised in B.C. from property tax levies. In 2009, the total value of assessments in the province were $969 billion. By 2010, that number had grown to $1.04 trillion. Most assessments are of the market value of the real proerty.
In 2009 (for the 2010 roll), assessment appeals remained low, compared to many other property-taxing provinces and states. Some 98.5% of assessments were accepted without appeal.
BC Assessment has approximately 650 full-time staff positions in 17 offices throughout the province. B.C. Assessment's annual budget is just over $77 million.