Chapter 19 assessment Flashcards
What is an assessment notice?
(1) A demand for payment of a specified amount of property taxes
(2) A notice issued by the municipality stating the date on which the assessor will appraise your property
(3) An extract from the assessment roll concerning a specific property
(4) A notice of the cost to the property owner of a local improvement project
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If a property owner considers that the actual value assessment of his property is too high, he must first submit his complaint to:
(1) a Property Assessment Review Panel.
(2) the Board of Variance.
(3) the Municipal Finance Authority.
(4) the Property Assessment Appeal Board.
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If you consider the value shown on your assessment notice too high, you may make a formal complaint to:
(1) the Property Assessment Review Panel.
(2) the Board of Variance any time prior to the end of the year.
(3) the Municipal Council.
(4) the Assessment Appeal Court.
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What is an assessment notice?
(1) an extract of the assessment roll concerning a specific property
(2) a notice issued by the municipality stating the date on which the assessor will appraise your property
(3) a demand for payment of a specified amount of property taxes
(4) a notice of the cost to the property owner of a local improvement project
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Whose responsibility is it under the Assessment Act to establish Actual Value?
(1) the local municipal council
(2) the Superintendent of Real Estate
(3) the Lieutenant-Governor in Council
(4) the Assessor
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Who may claim a home-owner grant?
(1) anybody whose name appears on the assessment roll
(2) the tenant of a property, if he/she has a lease exceeding 3 years
(3) the owner of a property, whether he/she lives there or not
(4) the owner-occupier of a property
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In British Columbia’s real property taxation system, the actual value of a property is:
(1) the value at which the property last sold.
(2) the value shown on the assessment notice.
(3) the assessor’s estimate of market value.
(4) both (2) and (3).
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Which one of the following real properties must be assessed at market value for purposes of real property taxation?
(1) a small house, surrounded by warehouse properties, owned continuously by one owner since January, 1946
(2) Shell Oil pipelines
(3) residences owned by elected government officials
(4) land in the agricultural land reserve which is also classified as farmland under the Assessment Act
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In establishing the actual value of a residential property for tax assessment purposes the Assessor may consider:
(1) the present use of the property.
(2) the location of the property.
(3) the rental value of the property.
(4) a comprehensive list of factors including all of those mentioned above.
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If you consider that the value shown on your assessment notice is too high, you can make a formal complaint to the:
(1) municipal court.
(2) Court of Appeal.
(3) assessment commissioner.
(4) Property Assessment Review Panel.
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When can an appeal be made to the Supreme Court of British Columbia regarding a real property assessment value?
(1) when a property owner receives his or her assessment notice
(2) after receipt of the Property Assessment Appeal Board decision, and then only on a point of law
(3) never
(4) after receiving notification of the decision of the Property Assessment Review Panel.
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When can an appeal be made to the Supreme Court of British Columbia regarding a real property assessment value?
(1) when a property owner receives his or her assessment notice
(2) after receipt of the Property Assessment Appeal Board decision, and then only on a point of law
(3) never
(4) after receiving notification of the decision of the Property Assessment Review Panel.
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Under the Assessment Act the Property Assessment Review Panels may hear complaints when a property has been assessed at too high or too low an amount. Under the Act, where the complainant is someone other than the owner:
(1) the appellant has to notify the owner.
(2) the appellant may orally present a notice of complaint to the assessor.
(3) the assessor must deliver notice of the hearing to the owner.
(4) the assessor has to prove that the property is fairly taxed.
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A complaint against the amount of a real property assessment might proceed through hearings by the four different bodies listed below:
A. Property Assessment Appeal Board
B. Property Assessment Review Panels
C. Court of Appeal
D. Supreme Court of British Columbia
The order of these hearings would be:
(1) A, B, D, C
(2) B, A, D, C
(3) A, C, B, D
(4) B, A, C, D
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Under the combined provisions of the Local Government Act and the Assessment Act, the “owner” who is liable to pay the real property taxes includes:
A. where a person is a registered owner of a life estate, the life tenant;
B. where there is an agreement for sale and purchase of the real property, the registered holder of the last registered agreement for sale and purchase.
Which of the following statements are TRUE?
(1) Only A is included under the definition of “owner”.
(2) Only B is included under the definition of “owner”.
(3) Neither A nor B is included under the definition of “owner”.
(4) Both A and B are included under the definition of “owner”.
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