IMPORTANT: If there is any chance you will want to dispute your property assessment, you should contact BC Assessment before the end of the month. The filing deadline is January 31, 2023.
BC Assessment has sent out its assessment notices and two weeks remain before the deadline to file any appeal. CHF BC would again note a few key points:
There are three common avenues to appeal your assessment, beyond notifying BC Assessment of simple clerical mistakes:
Co-ops will sometimes make appeals on their own, sometimes with the assistance of management companies, and sometimes they seek help from professional consultants. Although we are not making any recommendations, we do know that some firms and individual consultants have worked with co-ops (and non-profit societies) in recent years. Some charge hourly rate fees for their services, others may seek compensation based on the size of the property tax reduction they are able to obtain for their clients .
If your assessment has gone up significantly, you may want to consider appealing. Vance Leschuk (Vance.Leschuk@ryan.com, 778-789-5037), of the firm Ryan, has past experience working with co-ops and offers both a free consultation and a 20% fee reduction to CHF BC members. There’s no charge if appeals are unsuccessful.)
The BC Assessment website has information you’ll find helpful. However your co-op decides to proceed, please remember the deadline for filing an appeal. The full list of key dates is available on the BC Assessment website, but the most important is January 31, 2023.