2013 ASSESSMENT ROLLSKEENA – QUEEN CHARLOTTE REGIONAL DISTRICTPRESENTERS:

• SCOTT SITTER – ASSESSOR, NORTH REGION• TRACEY LOVE – SENIOR APPRAISER, NORTH REGION

NOVEMBER 22, 2013

PRESENTATION OUTLINE

WHO WE ARE

WHAT WE DO

TALK TO US

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ESTABLISHED IN 1974 UNDER ASSESSMENT AUTHORITY ACT IN RESPONSE TO THE NEED FOR A FAIR, INDEPENDENT ORGANIZATION THAT VALUED ALL PROPERTY IN THE PROVINCE

HISTORY OF BC ASSESSMENT

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A PROVINCIAL CROWN CORPORATION, INDEPENDENT OF TAXING AUTHORITIES

CORPORATE STRUCTURE

10 GEOGRAPHIC

REGIONS

16 OFFICES ACROSS THE PROVINCE

HEAD OFFICE IN VICTORIA

629 FULL-TIME

EMPLOYEES

MORE THAN 345

APPRAISERS

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OUR PRODUCT

• ANNUAL LIST OF PROPERTY VALUES PROVIDES STABLE, PREDICTABLE BASE FOR REAL PROPERTY TAXATION IN B.C.

• REPRESENTS OVER 1.94 MILLION PROPERTIES WITH TOTAL VALUE OF $1.13 TRILLION

• IDENTIFIES OWNERSHIP, VALUE, CLASSIFICATION AND EXEMPTIONS FOR EACH PROPERTY

• PROVIDES STABLE BASE FOR LOCAL GOVERNMENTS AND TAXING AUTHORITIES TO RAISE OVER $6.2 BILLION ANNUALLY IN PROPERTY TAXES FOR SCHOOLS AND IMPORTANT LOCAL SERVICES

THE ASSESSMENT ROLL

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OUR CUSTOMER GROUPS

• RESIDENTIAL• NON-RESIDENTIAL

• MARKET• NON-MARKET

PROPERTY OWNERS

LOCAL GOVERNMENTS/FIRST NATIONS

PROVINCIAL GOVERNMENT

KEY DATES

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DECEMBER 31

ASSESSMENT ROLLS AND TOTALS PRODUCED, NOTICES MAILED

JANUARY 31PROPERTY ASSESSMENT REVIEW PANEL REQUEST FOR REVIEW DEADLINE

FEBRUARY 1 TO MARCH

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PROPERTY ASSESSMENT REVIEW PANELS

APRIL 30PROPERTY ASSESSMENT APPEAL BOARD

JULY 1 VALUATION DATE

OCTOBER 31 PHYSICAL CONDITION

NOVEMBER 30

LAND TITLES

DECEMBER 31 LIABILITY FOR TAXATION

HOW WE VALUE DIFFERENT PROPERTIES

MARKET VALUE AS OF JULY 1ST: • RESIDENTIAL• COMMERCIAL

LEGISLATED (REGULATED

VALUES)

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HOW WE CLASSIFY PROPERTIES

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CLASS TITLE 1 RESIDENTIAL 2 UTILITIES 3 SUPPORTIVE HOUSING 4 MAJOR INDUSTRY 5 LIGHT INDUSTRY 6 BUSINESS OTHER 7 MANAGED FOREST

LAND 8 RECREATIONAL/NON

PROFIT 9 FARM LAND

HOW WE APPLY EXEMPTIONS

AN EXEMPTION IS A RELEASE

FROM PAYING ALL OR A

PORTION OF A TAX ASSESSED*

COMMON EXEMPTIONS ARE: • PERMISSIVE• STATUTORY

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*SET BY LOCAL TAXING AUTHORITIES

INQUIRY AND COMPLAINT PROCESS

SECOND LEVEL OF APPEAL:PROPERTY ASSESSMENT APPEAL BOARD

RISK TO TAXING JURISDICTION IS

REPORTED HEARD THROUGHOUT THE YEAR

FEB 1 TO MARCH 15FIRST LEVEL OF APPEAL

PROPERTY ASSESSMENT REVIEW PANELS

JANUARY 31DEADLINE FOR FORMAL WRITTEN REQUEST FOR INDEPENDENT REVIEW

JANUARY 1 TO 31INQUIRY PERIOD CONTACT US FIRST

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2013 COMPLETED ASSESSMENT ROLL HIGHLIGHTS

TOTAL PROPERTIES IN

B.C. 1,935,426

0.92% INCREASE

FROM 2012 ASSESSMENT

ROLL

TOTAL VALUE OF ROLL $1.13 TRILLION 2.3% INCREASE

FROM 2012

TOTAL NON-MARKET

CHANGE (NEW CONSTRUCTION

)

$16.64 BILLION13.28%

INCREASE FROM 2012

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AVERAGE SINGLE FAMILY DWELLING CHANGE

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*VALUATION DATE OF JULY 1, 2011 **VALUATION DATE OF JULY 1, 2012

SALES TRENDS – PROVINCIAL

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SALES TRENDS – NORTHWEST ASSESSMENT AREA

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ADDITIONAL RESOURCES

BCASSESSMENT.CA

• ANSWER BOOK (ONLINE TUTORIAL)

• FACT SHEETS• CUSTOMER SERVICES,

INCLUDING E-VALUEBC (ASSESSMENT SEARCH TOOL)

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QUESTIONS?

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