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Most assessments are of the market value of the real property. In 2009 (for the 2010 roll), assessment appeals remained low, compared to many other property-taxing provinces and states. Some 98.5% of assessments were accepted without appeal. BC Assessment has approximately 650 full-time staff positions in 17 offices throughout the province.
The LTSA's Land Title Offices verify ownership every time a property is sold, mortgaged, or other legal interests (known as charges) are created such as rights of way, mortgages, or liens. The LTSA's Land Title Register is BC's official legal record of private property ownership and contains over 2 million active titles to land and over 2 ...
BC Assessment Authority (BC Assessment) Municipal Affairs & Housing property assessments: BC Council for International Education Advanced Education, Skills & Training internationalization of public, private, post-secondary, and language schools BC Family Maintenance Agency (BCFMA) Attorney General: child and spousal support BC Games Society
An assessor's parcel number, or APN, is a number assigned to parcels of real property by the tax assessor of a particular jurisdiction for purposes of identification and record-keeping. The assigned number is unique within the particular jurisdiction, and may conform to certain formatting standards that convey basic identifying information such ...
The final property tax amount is calculated by multiplying the municipal final property tax rate for the year by the BC Assessment value. Vancouver has the lowest property tax in Canada as a percentage of assessed value [ 13 ] because while property values are extremely high, the city's budget has stayed relatively constant.
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The Environmental Assessment Office is a Crown Agency of the provincial government of British Columbia, Canada. Its mandate is to coordinate assessments of major development proposals in British Columbia. It reports to the provincial Minister of Environment. [1]
A notice of assessment under subsection 152(7) of the Income Tax Act will be issued. This 152(7) assessment is commonly known as an arbitrary assessment. Collection actions may follow. The taxpayer could file an amended tax return to reduce the tax bill. Once amended returns are filed, an audit is normally triggered. [citation needed]