Details

WHEREAS limited and infrequent property sales may not accurately reflect market values in many rural areas of British Columbia;

AND WHEREAS the BC Assessment Authority is legislated to use mandated formulas based on market data when assessing residential properties, and this has historically contributed to significant shifts in the assessed values of properties in some rural communities;

THEREFORE BE IT RESOLVED that the NCLGA and the UBCM urge the Provincial Government to provide the BC Assessment Authority with more flexibility when assessing properties in rural British Columbia. 

Additional Information

UBCM Comments: The UBCM membership has not previously considered a resolution seeking to grant the BC Assessment Authority more flexibility when assessing rural properties.

UBCM would observe that the BC Assessment Authority was created to ensure that there was a consistent process for setting property valuation and classification across British Columbia. The process used is important to local governments across the province and there is a need to exercise caution when requesting increased flexibility.