Understanding the Property Assessment Notice

Refer to the Property Assessment Notice

1. The box labelled Assessment Roll Number contains the identification number of the property as it appears on the Assessment Roll and the name of the jurisdiction in which the property is located.
2. The box labelled Office Use contains control data for BC Assessment.
3. The opening paragraph of the notice identifies the assessment year and provides general information about the purpose of the notice.
4. The boxed area titled Property Description provides the property address, a legal description of the property and the property identification number (PID) assigned by the Land Titles and Survey Authority Office.
5. The section on Property Value shows the market values for the land and buildings in each property class as of the preceding July 1, taking into account any changes to the property's physical condition as of October 31.

   The total assessed value of the land and buildings minus exemptions (if any) is given, and the taxable value of the property is calculated.

   Where taxable values are the same for all tax bases (i.e., schools, hospitals, rural, etc.) only one taxable value is shown.

   Sometimes, the taxable values of different tax bases varies. (e.g., the municipal or rural taxable values may be different from the school or hospital taxable values). In these cases, the total assessed value minus exemptions (if any), and the taxable values are calculated for each tax base.

6. The boxed area on the Property Assessment Notice titled Additional Information contains other useful information about the property.
7. Information noted in the two boxes below the Additional Information section give the name, address, telephone and fax numbers of the local office of BC Assessment, and the name and mailing address of the assessed owner.