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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.
The Chief Executive Officer 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. Its 18 Area Offices are situated 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.
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