Last updated: August 19, 2024
The
Assessment Act provides that certain property types, such as pipelines, must be valued using rates prescribed by BC Assessment.
Procedure for appealing a property valued using BC Assessment's Regulated Rates
When appealing the following, you should appeal the property to the Property Assessment Review Panel by January 31:
- Ownership;
- Classification;
- Inventory;
- Application of the rates;
- Taxable status;
- Or the rates themselves.
If there are concerns about the regulated rates, the appeal must be filed using the following procedure:
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Notification – Notification of appeal must be filed with both the Property Assessment Appeal Board (the "Board") and BC Assessment.
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Appeal Deadline - Notice of an appeal must be filed with the Board and BC Assessment before February 1st following receipt of the assessment notice.
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Grounds for Appeal - An appeal can only be made, heard and decided on the following grounds:
- The rate was not based on the average current cost of the improvements.
- No allowance for physical depreciation was made.
- No allowance was made for a decline in the cost of constructing or installing a similar improvement of the same or similar functional utility.
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Fee for Rate Appeal – The notice of appeal must be accompanied by the prescribed fee of $30.
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Property Value Changes – The individual properties valued using the appealed regulated rate must be appealed to the Board by April 30 in order for any change in the rate to apply.
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Fee for Property Appeals – Properties appealed to the Board must be accompanied by the prescribed fee of $30 per parcel.
Contact information:
BC Assessment - Linear Assessment
400 - 3450 Uptown Blvd.
Victoria BC V8Z 0B9
Toll Free: 1-866-valueBC (1-866-825-8322)
Email: linear@bcassessment.ca
Disclaimer: Where information presented is different from legislation, legislation shall prevail.