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Property Assessment Appeal Rates Remain Low

Property Assessment Appeal Rates Remain Low

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VICTORIA – British Columbian property owners are consistently satisfied with their assessments as evidenced by BC Assessment’s release of the 2015 Assessment Roll appeal rates.

For 2015, a total of 22,296 property assessments were appealed which equates to about 1.13 percent of the over 1.97 million total properties on the 2015 Assessment Roll. This low rate of appeals is similar with past years (consistently below two percent) as demonstrated below:

Property Folios

Appeal Rates

2015

2014

2013

2012

2011

Total Number of Properties Appealed

22,296

17,874

23,847

23,438

31,296

% of Total Properties Appealed from Total Property Count*

1.1%

0.91%

1.2%

1.2%

1.6%

 

*Total number of properties in British Columbia is approximately 1.97 million.

Any person is entitled to file a Notice of Complaint (or appeal) about an assessment on the grounds set out in Section 32 of the Assessment Act and to have that assessment reviewed by an independent Property Assessment Review Panel. Year to year, well over 98 per cent of property owners consistently accept their property assessments without proceeding to a formal, independent review of their assessments.

BC Assessment values over 1.97 million properties in nine separate property classes. Upon revisions decided by the Property Assessment Review Panels, the value of all real estate on the annual provincial assessment roll is $1,202,998,214,202 ($1.2 trillion) for 2015, an increase of 5.53% percent from 2014.

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