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Due to natural disasters, property assessments may need adjustments

Properties are assessed for their market value as of July 1 and for their physical condition as of Oct. 31 — two dates near each of the major disasters B.C. has seen this year
BC Assessment

Assessments for properties in fire- or flood-damaged areas of B.C. may need further adjustments after they are sent out early in the new year.

Properties are assessed for their market value as of July 1 and for their physical condition as of Oct. 31 — two dates near each of the major disasters B.C. has seen this year.

“We’ve had quite a difficult year in our area,” deputy assessor Tracy Shymko with BC Assessment told KTW.

Shymko oversees a region that covers Lytton, Merritt and Princeton — all areas that saw significant damage due to fire and floods this year.

The wildfire that swept through Lytton occurred on June 30, one day prior to the market value assessment deadline. Shymko said BC Assessment has a handle on that situation to ensure assessments are accurate.

B.C.’s floods, however, took place after the physical condition assessment deadline, o assessments issued for properties damaged by flooding may need to be adjusted.

Anyone who receives an assessment that doesn’t reflect the condition of their damaged property can contact BC Assessment at 1-866-825-8322 until Dec. 31.