BC Assessment develops and maintains real property assessments throughout British Columbia in addition to providing real property information. Check out our newest brochure for a quick overview of BC Assessment's work, services and more.
BC Assessment maintains real property assessments in compliance with the
Assessment Act which requires that properties be assessed as of July 1st each year. To do this, BC Assessment produces assessment information annually to provide tax authorities with a tax base and other information collected about property.
The Purpose of Property Assessments
Learn about the principles of property assessment through this animation:
Assessment information uses
The assessment information is the product provided to local governments and other taxing authorities containing all of the information on the individual assessments, including classification and value, found within that jurisdiction. The value of all real estate on the annual provincial assessment roll is more than $1.3 trillion and provides the foundation for local and provincial taxing authorities to finance communities with billions of dollars in property tax revenue.
As part of this core function, BC Assessment produces assessment notices which contain information related to the assessment of a property and is mailed to all property owners in the province. This requires the production and mailing of approximately two million assessment notices annually.
BC Assessment also provides real property information to its customers. As BC Assessment transforms into a property information company, we will explore additional ways to provide more value for both our property owner and taxing jurisdiction customers.
BC Assessment's business is to provide a stable and predictable base for real property taxation in British Columbia. The corporation determines ownership and tax liability, classifies and values each property in British Columbia. To meet its goal, BC Assessment completes an assessment roll every December 31.
BC Assessment mails individual assessment notices, with entries recorded from the assessment roll, to all property owners in the province. Once audited and authenticated by the Property Assessment Review Panel, BC Assessment presents the assessment roll to various tax jurisdictions: municipal governments, regional districts and the Ministries of Education and Health. The assessment roll is used by tax jurisdictions to form the basis of their tax rolls. Tax jurisdictions set tax rates for each of the nine property classes.
BC Assessment maintains an extensive and up-to-date information database on all properties in British Columbia. Public access to this electronic database is available through BC OnLine. For a fee, BC Assessment will also produce custom information reports.
BC Assessment provides accurate property and value information to:
- tax authorities;
- property owners;
- municipal, provincial and federal government agencies;
- realtors, appraisers, lawyers, bankers, title search companies;
- other private and public agencies.
BC Assessment's operations are financed principally through a levy on all properties. Other revenue sources include the sale of information services and products to various levels of government, the private sector, and national and international markets.
Checks & balances
The valuation of property by BC Assessment is subject to checks and balances in the form of legislated review and appeal procedures through the Property Assessment Review Panel and the Property Assessment Appeal Board.
BC Assessment produces independent, uniform and efficient property assessments on an annual basis for all property owners in the province.
BC Assessment operates as an independent, provincial Crown corporation, governed by a Board of Directors and is accountable to the Government of B.C.
The President and CEO of BC Assessment is supported by an Executive Committee. The Board is appointed by the Lieutenant-Governor in Council.
BC Assessment's head office is located in Victoria. Our 15 area offices are situated in six regions in various geographic locations throughout British Columbia.
The mandate of BC Assessment is to establish and maintain uniform real property assessments throughout British Columbia in accordance with the Assessment Act. The Act also requires that BC Assessment produce annual rolls with assessments at market value.
Assessors determine the market value of land and improvements and enter those values on the Assessment Roll. For 95 per cent of all properties on the Roll, assessed value is the market value as of July 1. The remaining five per cent are subject to legislative restrictions.
BC Assessment is structured in the following units:
- Office of the President and CEO (including Communications and Government Relations)
- Business Innovation
- Information and Technology Services
Office of the President and CEO
- Overall management and co-ordination of BC Assessment's functions, operations, products and services
- Serving as the main point of contact for the Board of Directors, the Minister responsible for BC Assessment, the Office of the Premier, and other senior government officials and assessment bodies
- Communications and Government Relations Division
- Producing print and web communications materials to help the public understand the property assessment process
- Building greater awareness for BC Assessment products and services with different communities
- Liaison with Ministries of government on assessment issues
- Legal Services - legal support services, legislative and regulatory support services
- Coordination of contract administration for First Nations Assessment services
- Information policy initiatives
- Freedom of information and protection of privacy
- Internal audit
- Performance of field operations for the entire province
- Non-market and market property assessment
- Assessment administration
- Valuation/appeal coordination
- Strategic Management: strategic and business planning, corporate reporting, corporate performance management, Enterprise Risk Management
- Implementing strategic initiatives to transform BC Assessment
- Improving the business through innovation
- Quality assurance and business processes
- Research and development of assessment and valuation policy
- Development of assessment standards
- Ensure customer-centricity of BC Assessment; elevate the strategic importance of customers and partners throughout BC Assessment
- Enable our services as a Property Information organization
- Accountability for the customer process
- Financial Services
Information and Technology Services
- Services Delivery
- Solutions Development
- Supporting the information and technology needs of both employees and external customers
- Centre of Excellence for information and technology management
- Talent management
- Labour relations
- Capacity and succession planning
- Culture change
- Employee and performance compensation
- Training and development
For more information about BC Assessment please email us at firstname.lastname@example.org or submit your question here.