Property Assessment Appeal Rates Fall Below One Percent

VICTORIA, March 31, 2014 /CNW/ - British Columbian property owners are consistently satisfied with their assessments as evidenced by BC Assessment's release of the 2014 Assessment Roll appeal rates.

For 2014, a total of 17,874 property assessments were appealed which equates to about 0.91 percent of the approximately 1.95 million total properties on the 2014 Assessment Roll. This low rate of appeals is consistent with past years and marks a notable overall reduction since 2010.

Property Folios

Appeal Rates

2014

2013

2012

2011


2010

Total Number of
Properties Appealed

17,874

23,847

23,438

31,296


27,598

% of Total Properties
Appealed from Total
Property Count*

 

0.91%

 

1.2%

 

1.2%

 

1.6%


 

1.5%

*Total number of properties in British Columbia is approximately 1.95 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 1.95 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 $1,139,951,152,891 ($1.14 trillion) for 2014, an increase of 1.17 percent from 2013.  

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SOURCE BC Assessment

For further information: Media contact: Tim Morrison, A/ Communications Manager, BC Assessment, Tel. 250-595-6211 Ext. 00251