2013 A SSESSMENT R OLL S KEENA – Q UEEN C HARLOTTE R EGIONAL D ISTRICT P RESENTERS : S COTT S ITTER – A SSESSOR, N ORTH R EGION T RACEY L OVE – S ENIOR A PPRAISER, N ORTH R EGION N OVEMBER 22, 2013

P RESENTATION O UTLINE W HO WE ARE W HAT WE DO T ALK TO US 2

ESTABLISHED IN 1974 UNDER A SSESSMENT A UTHORITY A CT IN RESPONSE TO THE NEED FOR A FAIR, INDEPENDENT ORGANIZATION THAT VALUED ALL PROPERTY IN THE PROVINCE H ISTORY OF BC A SSESSMENT 3 A PROVINCIAL C ROWN C ORPORATION, INDEPENDENT OF TAXING AUTHORITIES

C ORPORATE S TRUCTURE 10 GEOGRAPHIC REGIONS 16 OFFICES ACROSS THE PROVINCE H EAD O FFICE IN V ICTORIA 629 FULL - TIME EMPLOYEES MORE THAN 345 APPRAISERS 4

O UR P RODUCT ANNUAL LIST OF PROPERTY VALUES PROVIDES STABLE, PREDICTABLE BASE FOR REAL PROPERTY TAXATION IN B.C. REPRESENTS OVER 1.94 MILLION PROPERTIES WITH TOTAL VALUE OF $1.13 TRILLION IDENTIFIES OWNERSHIP, VALUE, CLASSIFICATION AND EXEMPTIONS FOR EACH PROPERTY PROVIDES STABLE BASE FOR LOCAL GOVERNMENTS AND TAXING AUTHORITIES TO RAISE OVER $6.2 BILLION ANNUALLY IN PROPERTY TAXES FOR SCHOOLS AND IMPORTANT LOCAL SERVICES T HE A SSESSMENT R OLL 5

6 O UR C USTOMER G ROUPS R ESIDENTIAL N ON - RESIDENTIAL M ARKET N ON - MARKET P ROPERTY OWNERS L OCAL GOVERNMENTS /F IRST N ATIONS P ROVINCIAL GOVERNMENT

K EY D ATES 7 D ECEMBER 31 A SSESSMENT ROLLS AND TOTALS PRODUCED, NOTICES MAILED J ANUARY 31 P ROPERTY A SSESSMENT R EVIEW P ANEL REQUEST FOR REVIEW DEADLINE F EBRUARY 1 TO M ARCH 15 P ROPERTY A SSESSMENT R EVIEW P ANELS A PRIL 30 P ROPERTY A SSESSMENT A PPEAL B OARD J ULY 1 V ALUATION D ATE O CTOBER 31 P HYSICAL C ONDITION N OVEMBER 30 L AND T ITLES D ECEMBER 31L IABILITY FOR TAXATION

H OW W E V ALUE D IFFERENT P ROPERTIES M ARKET V ALUE AS OF J ULY 1 ST : R ESIDENTIAL C OMMERCIAL L EGISLATED (R EGULATED V ALUES ) 8

H OW W E C LASSIFY P ROPERTIES 9 C LASS T ITLE 1R ESIDENTIAL 2U TILITIES 3S UPPORTIVE HOUSING 4M AJOR INDUSTRY 5L IGHT INDUSTRY 6B USINESS OTHER 7M ANAGED FOREST LAND 8R ECREATIONAL / NON PROFIT 9F ARM LAND

H OW W E A PPLY E XEMPTIONS A N EXEMPTION IS A RELEASE FROM PAYING ALL OR A PORTION OF A TAX ASSESSED * C OMMON EXEMPTIONS ARE : P ERMISSIVE S TATUTORY 10 * SET BY LOCAL TAXING AUTHORITIES

I NQUIRY AND C OMPLAINT P ROCESS S ECOND LEVEL OF APPEAL : P ROPERTY A SSESSMENT A PPEAL B OARD R ISK TO TAXING JURISDICTION IS REPORTED HEARD THROUGHOUT THE YEAR F EB 1 TO M ARCH 15 F IRST LEVEL OF APPEAL P ROPERTY A SSESSMENT R EVIEW P ANELS J ANUARY 31 D EADLINE FOR FORMAL WRITTEN REQUEST FOR INDEPENDENT REVIEW J ANUARY 1 TO 31 I NQUIRY PERIOD C ONTACT US FIRST 11

2013 C OMPLETED A SSESSMENT R OLL H IGHLIGHTS T OTAL PROPERTIES IN B.C. 1,935, % INCREASE FROM 2012 A SSESSMENT R OLL T OTAL V ALUE OF R OLL $1.13 TRILLION 2.3% INCREASE FROM 2012 T OTAL N ON - MARKET C HANGE ( NEW CONSTRUCTION ) $16.64 BILLION 13.28% INCREASE FROM

A VERAGE S INGLE F AMILY D WELLING C HANGE 13 *V ALUATION DATE OF J ULY 1, 2011 **V ALUATION DATE OF J ULY 1, 2012

S ALES T RENDS – P ROVINCIAL 14

S ALES T RENDS – N ORTHWEST A SSESSMENT A REA 15

A DDITIONAL R ESOURCES BCASSESSMENT. CA A NSWER B OOK ( ONLINE TUTORIAL ) F ACT S HEETS C USTOMER S ERVICES, INCLUDING E - VALUE BC ( ASSESSMENT SEARCH TOOL ) 16

Q UESTIONS ? 17