BCA

Question 1

January 31

Answer 1

Property Assessment Review Panel (PARP) Deadline

Question 2

February 1 to March 15

Answer 2

Property Assessment Review Panels

Question 3

April 7

Answer 3

PARP Decision Notices

Question 4

July 1

Answer 4

Valuation Date

Question 5

August 31

Answer 5

Strata and Leasehold Accommodation Properties

Question 6

October 31

Answer 6

Physical Condition and Permitted Use

Question 7

November 30

Answer 7

Land Title and Survey Authority Records

Question 8

Early-December

Answer 8

Input Cutoff Date

Question 9

December 31

Answer 9

Assessment Rolls and Notices

Question 10

single-family residences, multi-family residences, duplexes, apartments, condominiums, nursing homes, seasonal dwellings, manufactured homes, some vacant land, farm buildings and daycare facilities.

Answer 10

class 1

Question 11

structures and land used for railway transportation, pipelines, electrical generation or transmission utilities, or telecommunications transmitters. This property class does not include gathering pipelines, offices or sales outlets.

Answer 11

class 2

Question 12

this property class only includes eligible supportive housing property that has been designated by Cabinet. Eligible supportive housing property is funded by the provincial government or a health authority for the provision of housing that includes on-site support services for persons who were previously homeless, at risk of homelessness, and who are affected by mental illness or who are recovering from drug or alcohol addictions or have other barriers to housing. For more information, visit Classifying Supportive Housing Property.

Answer 12

class 3

Question 13

land and improvements (buildings and structures) of prescribed types of industrial plants, including lumber and pulp mills, mines, smelters, large manufacturers of specified products, ship building and loading terminals for sea-going ships.

Answer 13

Class 4, Major Industry

Question 14

property used or held for extracting, processing, manufacturing or transporting products, including ancillary storage. Scrap metal yards, wineries and boat-building operations fall within this category. Exceptions include properties used for the production or storage of food and non-alcoholic beverages and retail sales outlets, which fall into Class 6. For more information, visit Light Industrial vs. Business and Other Property Classifications.

Answer 14

Class 5, Light Industry

Question 15

property used for offices, retail, warehousing, hotels and motels all fall within this category. This class includes properties that do not fall into other classes.

Answer 15

Class 6, Business and Other

Question 16

privately-owned, forest land managed in accordance with the Private Managed Forest Land Act or the Forest and Range Practices Act. Property owners in this class have an obligation to provide good resource management practices, such as reforestation, care of young trees, protection from fire and disease and sound harvesting methods.

Answer 16

Class 7, Managed Forest Land

Question 17

Recreational Land,Non-Profit Organization Land and Improvements

Answer 17

Class 8, Recreational Property, Non-profit Organization

Question 18

to qualify as farm for assessment purposes, the land must produce a prescribed amount of qualifying primary agricultural products for sale, such as crops or livestock. Farm buildings come within Class 1. For more information on farm land, visit Farm Land Assessment.

Answer 18

Class 9, Farm

Question 19

“Taxable value”

Answer 19

property’s actual value minus the value of any tax exemptions.

Question 20

Examples of exemptions providing full relief from property taxes

Answer 20

• Property owned by the federal or provincial government is fully exempt from property taxes for all purposes: section 125 of the Constitution Act.
• Property owned by a municipality is fully exempt from property taxes for all purposes: section 220(1)((b) of the Community Charter; and section 131(1) of the School Act.

Question 21

Examples of exemptions providing partial relief from property taxes

Answer 21

• 50% of the assessed value of a parcel of land in Class 9 – farm is exempt from school taxes: section 130(1)(a) of the School Act.

Question 22

​A common misconception is that a significant change in your ____________ will result in a proportionately significant change in your __________.

The most important factor is not how much your assessed value has changed, but how your assessed value has changed____________ to the average change for your property class in your municipality or taxing jurisdiction. You can find your property class on your assessment notice next to your assessed value.

Answer 22

assessed value, property taxes, relative

Question 23

Example A: Your property is currently assessed at $540,000, based upon a valuation date of July 1 last year. Your previous assessed value was $450,000. Your property increased 20% in value, while the average increase for your property class was 30%.
Since your property increased LESS THAN the average for your property class, you will likely see a __________ in your property taxes.

Answer 23

decrease

Question 24

Adaptive Reuse

Answer 24

building converted to a different use in order to meet current demand.
Examples include a factory converted to retail use or an office building
converted to a school. (Also see conversion)

Question 25

Infill

Answer 25

Infill is the development of one or more buildings on underutilized land
situated between existing buildings. Infill development is typically done
in dense environments where land is scarce. The slightly broader term
“land-recycling” is sometimes used.

Question 26

Brownfield

Answer 26

Abandoned, idled, or underused land or facilities where expansion or
redevelopment is complicated by real or perceived environmental contamination.

Question 27

Exurban

Answer 27

An emerging residential area beyond built-up suburbs and edge cities.

Question 28

Floor Area Ratio (FAR

Answer 28

sqft of the building / sqft of the lot

Question 29

Suburban

Answer 29

Suburban means a geographic area that contains a variety of property types
arranged in a setting that is less dense than neighboring urban areas. This
broad term can be defined or measured a number of ways and is often
defined relative to urban and exurban areas.

Question 30

transit score
90–100 __________
World-class public transportation
70–89 Excellent Transit
Transit convenient for most trips
50–69 Good Transit
Many nearby public transportation options
25–49 Some Transit
A few nearby public transportation options
0–24 Minimal Transit
Possible to get on a bus

Answer 30

riders paradise

Question 31

Floor Plate

Answer 31

The gross square footage of each floor in a multistory building. Individual
floor plate sizes may vary according to the design of a building.

Question 32

Functional Obsolescence

Answer 32

A descriptive term used to characterize a building that cannot be improved
to meet current market standards or tastes without a complete replacement
of buildings systems and finishes.