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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 Regional District of Central Okanagan (RDCO) is a regional district in the Canadian province of British Columbia, representing two unincorporated Electoral Areas of Central Okanagan East and Central Okanagan West, along with the member municipalities of the City of Kelowna, City of West Kelowna, the District of Lake Country, the District of Peachland, and Westbank First Nation.
A city is a classification of municipalities used in British Columbia. British Columbia's lieutenant governor may incorporate a community as a city by letters patent, on the recommendation of the Minister of Communities, Sport and Cultural Development, if its population is greater than 5,000 and the outcome of a vote involving affected residents was that greater than 50 percent voted in favour ...
Greater Kelowna (officially known as Kelowna Census Metropolitan Area) is a metropolitan area in British Columbia, the third largest in British Columbia and the largest in the interior. It's the fastest growing metropolitan area within B.C and the fifth fastest growing in all of Canada.
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]
Kelowna (/ k ə ˈ l oʊ n ə / ⓘ kə-LOH-nə) is a city on Okanagan Lake in the Okanagan Valley in the southern interior of British Columbia, Canada. It serves as the head office of the Regional District of Central Okanagan. The name Kelowna derives from the Okanagan word kiʔláwnaʔ, referring to a grizzly bear. [8] [9]
Equalization is a step in property taxation to bring a uniformity to tax assessment levels across different geographical areas or classes of properties. Equalization is usually in the form of a uniform percentage of increase or decrease to each area or class of property. [1]
Westbank is one of the communities within the City of West Kelowna in the province of British Columbia. It is 12 km to the west of Kelowna. Other communities in West Kelowna include Casa Loma, West Kelowna Estates, Shannon Lake, Smith Creek, Glenrosa, Rose Valley and Lakeview Heights. Westbank sits to the south of West Kelowna.
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