The British Columbia Assessment Authority is a publicly owned

Crown Corporation Crown corporation () is the term used in Canada for organizations that are structured like private companies, but are directly and wholly owned by the government. Crown corporations have a long-standing presence in the country, and have a sign ...

in the Province of

British Columbia British Columbia is the westernmost Provinces and territories of Canada, province of Canada. Situated in the Pacific Northwest between the Pacific Ocean and the Rocky Mountains, the province has a diverse geography, with rugged landscapes that ...

Canada Canada is a country in North America. Its Provinces and territories of Canada, ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, making it the world's List of coun ...

. BC Assessment was created in 1974, as a result of a provincial government all-party committee unanimous recommendation that an independent assessment agency be created. Its mandate is to provide property assessment values for property owners in the province. This information is primarily used in the calculation of

property tax A property tax (whose rate is expressed as a percentage or per mille, also called ''millage'') is an ad valorem tax on the value of a property.In the OECD classification scheme, tax on property includes "taxes on immovable property or Wealth t ...

payable to the provincial government or relevant municipality in British Columbia. In 2009, some $6 billion (CAD) was raised in B.C. from property tax levies. In 2009, the total value of assessments in the province were $969 billion. By 2010, that number had grown to $1.04 trillion. Most assessments are of the market value of the real property. In 2009 (for the 2010 roll), assessment appeals remained low, compared to many other property-taxing provinces and states. Some 98.5% of assessments were accepted without appeal. BC Assessment has approximately 650 full-time staff positions in 17 offices throughout the province. B.C. Assessment's annual budget is just over $77 million.

External links

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British Columbia Municipalities List
Crown corporations of British Columbia Professional valuation organizations 1974 establishments in British Columbia {{BritishColumbia-stub