Properties impacted by flooding over the summer may need to be re-evaluated by BC Assessment.
The Okanagan office of BC Assessment is requesting updates from property owners who experienced property damage as a result of the heavy rains and flooding in the Columbia-Shuswap and the Central Okanagan.
“Owners of property substantially damaged by flooding are asked to contact us before Oct. 31,” says Okanagan Deputy-Assessor Tracy Wall. “BC Assessment may reassess an impacted property’s market value so its current condition is reflected in the 2013 Assessment Roll released next January.”
BC Assessment especially wants to hear from owners of properties with substantially damaged structures and/or an eroded land base.
The assessment authority notes that changes in assessments, as a result of such damage/erosion not reflected in the 2013 assessment roll, can also made through the property assessment review process, which occurs between Feb.1 and March 15, 2013 – to be reflected on revised assessment notices mailed out in April.
“We understand this is a difficult time for impacted property owners and we are working with local governments and other organizations to ensure that any necessary property assessment revisions are made in advance of the 2013 roll,” says Wall. “Ultimately, however, we need property owners to advise us of their property damage to ensure their property values are amended.”
The Okanagan office can be reached at 1-800-763-8300, or by email at Okanagan@bcassessment.ca. More information can be found online at www.bcassessment.ca.