What is BC Assessment?
BC Assessment is a provincial Crown corporation responsible for assessing the value of all properties in British Columbia. These assessed values are used by local governments, including the Village of Kaslo, to help determine how property taxes are distributed among property owners.
It’s important to note that BC Assessment does not set property tax rates. The Village of Kaslo sets its annual tax rate based on the municipal budget, while assessed values determine each property’s share of the taxes collected.
Understanding Your Property Assessment
Each year, property owners receive a Property Assessment Notice from BC Assessment, typically in early January. Your assessment reflects:
- The estimated market value of your property as of July 1 of the previous year
- Your property’s classification
- Any applicable exemptions
Changes in your assessment value do not automatically mean your property taxes will increase or decrease. Taxes depend on how your assessment changes compared to the average change across the community.
For detailed information about how assessments work, visit:
- BC Assessment website: https://www.bcassessment.ca
- Province of BC – Property Assessment: https://www2.gov.bc.ca/gov/content/taxes/property-taxes/annual-property-tax/property-assessment
Helpful BC Assessment Videos
BC Assessment provides short, easy‑to‑understand videos explaining the assessment process. The following official videos are especially helpful for residents:
- Understanding Assessments vs. Taxes (30 seconds)
- How BC Assessment Assesses Properties
- Understanding Property Assessments & Property Taxes
- How to Ensure the Accuracy of Your Assessment
- BC Assessment YouTube Channel (all videos)
Questions or Concerns About Your Assessment
If you have questions about your assessment or believe it may be inaccurate:
- Review your assessment notice carefully
- Contact BC Assessment directly to discuss any concerns
- If necessary, you may file an appeal through the Property Assessment Review Panel (PARP)
BC Assessment contact information and appeal details are included on your assessment notice and on their website.
How This Relates to Your Property Taxes
The Village of Kaslo uses BC Assessment values to fairly distribute property taxes once the annual budget and tax rates are approved. More information on municipal taxation can be found on the main Finance page.