Monday, November 24th4.7°C
23286
23040

Floods affect BC Assessment values

When spring flood waters roared through parts of the Columbia-Shuswap, Central Okanagan and Tulameen recreational area, many property owners were faced with massive amounts of damage to both their structures and land.

Damage which very likely affected the assessed value of the property.

As a result, BC Assessment is requesting that property owners who experienced damage because of the heavy rains and flooding that occurred in those areas contact them soon.

“Owners of property substantially damaged by flooding are asked to contact us before October 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.”

Wall adds that changes in assessments as a result of substantial damage that are not reflected on the 2013 Assessment Roll can also be made through the Property Assessment Review Panel process that occurs from February 1 to March 15, 2013, and will be reflected on revised assessment notices to be mailed in April, 2013.

“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 contact information for the BC Assessment Okanagan Office is:

Suite 202-1500 Hardy Street
Kelowna, BC V1Y 8H2
Telephone: 250-763-8300
Toll Free: 1-800-990-1192
Email: [email protected]

For more information about BC Assessment, visit their website.  



Read more Vernon / N. Okanagan News

24187


Recent Trending



20009



23905




Castanet pays for news tips. Email us a news tip, photo, or video and your name will be in a draw for our weekly news tip prize $25. Email us [email protected]





22911

Vernon SPCA Featured Pet

Bannister
Bannister Vernon SPCA >




23166




North Okanagan Quick Links City of Vernon
Vernon Discussion Forum
District of Coldstream
Village of Lumby
City of Armstrong
City of Enderby
District of Sicamous
Interior Health
Okanagan Regional Library



Member of BC Press Council


24002