BC Assessment is a provincial Crown corporation established in 1974 to provide independent property assessments in British Columbia. It assesses over 1.97 million properties with a total value of $1.2 trillion. Managed forest land, which must meet minimum size and productivity requirements, is assessed using regulated bare land rates and cut timber rates that are updated annually based on location, accessibility, soil quality, and timber prices. The 2015 managed forest land assessment roll totaled $989 million for 333 properties covering 836,749 hectares.

1. BC Assessment
& Managed Forest
Presented by
Tina Ireland
Director, Property Owners
June 4, 2015

2. Established in 1974 under the
Assessment Authority Act in
response to the need for a fair,
independent organization that
valued all property in the province.
History of BC Assessment
2
A provincial Crown corporation,
independent of taxing authorities.

3. 3
BC Assessment
6 10
Geographic
Regions
15
Field Offices
Head Office
in Victoria
632
Full-Time
Employees
> 345
Appraisers

4. Our Product
• Annual list of property values provides
stable, predictable base for real property
taxation in BC.
• Represents over 1.97 million properties
with total value of $1.2 trillion.
• Identifies ownership, value, classification
and exemptions for each property.
• Provides stable base for local governments
and taxing authorities to raise over $6.97
billion annually in property taxes for
schools and important local services.
The
Assessment
Roll
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5. Assessments
5
Market Value
• Residential
• Industrial
• Commercial
• Institutional
• Most Land Values

6. Assessments
6
Legislated Values
• Major Industrial
• Electrical Power
• Linear Improvements
• Statutory Land
• Farm Land
• Managed Forest Land
• Designated Ski Hills

7. Property Class
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Assessed Value by Property Class
Property Class 2015 Assessed Value % of Total
01 - Residential $912,653,565,545 76%
02 - Utilities $25,576,138,472 2%
03 - Supportive Housing $473 0%
04 - Major Industry $7,715,981,231 1%
05 - Light Industry $17,725,276,695 1%
06 - Business & Other $202,956,764,908 17%
07 - Managed Forest Lands $989,530,264 0%
08 – Recreation/Non Profit $37,270,896,716 3%
09 - Farm $1,263,934,473 0%
Total Assessed Value $1,206,152,088,777

8. BC Assessment Key Dates
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December 31
Assessment rolls and totals
produced, notices mailed
January
Inquiry Period – Contact Us First
January 31
Property Assessment Review Panel
request for review deadline
February 1 to
March 15
Property Assessment Review Panels
April 30
Property Assessment Appeal Board
July 1 Valuation Date
October 31 Physical Condition
November 30 Land Titles
December 31 Liability for taxation

9. 2015 Assessment Roll Highlights
Total
Properties
in B.C.
1,974,120
.98%
increase
from 2014
Total Value
of Roll
$1.2 trillion
5.84%
increase
from 2014
Total Non-
market Change
(new construction)
$18.69
billion
6.54%
increase
from 2014
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10. 2015 Assessment Roll Highlights
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Roll Year Folios Appealed % of Total Folios
2004 21,533 1.27%
2005 27,209 1.58%
2006 38,388 2.20%
2007 36,761 2.06%
2008 28,966 1.59%
2009 18,978 1.02%
2010 27,598 1.47%
2011 31,296 1.64%
2012 23,438 1.22%
2013 23,847 1.23%
2014 17,951 0.92%
2015 21,613 1.09%

11. Managed Forest Land
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12. Managed Forest Facts
2015 Assessment Roll:
 333 Managed Forests
 Number of related folios was 4,102
 Total area covered was 836,749 hectares
 Total assessed value was $989 million
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13. Managed Forest Land
Managed Forest Land is privately owned land on
which the owners have made a commitment to
grow and harvest timber in a manner that promotes
the public interest.
It includes land used for the production and
harvesting of timber that is managed under:
 The Private Managed Forest Land Act and the
regulations under that Act
or
 The Forest and Range Practices Act and the
regulations under that Act
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14. Managed Forest Class – Application Process
1. Application under the Private Managed Forest Land Act :
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 Application is made to the
Managed Forest Council
 Applicant must file a
Management Commitment
that signifies their
commitment to use the
property for the production
and harvesting of timber and
associated forest
management activities.

15. Managed Forest Class – Application Process
1. Application under the Private Managed Forest Land Act:
 The Managed Forest Council (MFC) reviews the management
commitment to ensure that it complies with the requirements of the
Private Managed Forest Land Act and regulations.
 If the requirements are met, the MFC sends the applicant a letter to
advise that the management commitment has been accepted and
forwarded to BC Assessment.
 BC Assessment determines whether the property qualifies as
managed forest land under the Assessment Act and regulations.
 BC Assessment contacts the applicant to advise of the decision.
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16. Managed Forest Class – Application Process
2. Application under the Forest and Range Practices Act:
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 Private managed forest land that is in a tree farm license area,
woodlot license area, or community forest agreement area.
 Applicant must have an approved management plan under the
Forest Act.
 Owner then makes application is directly to BC Assessment.
 BC Assessment determines whether the property qualifies as
managed forest land under the Assessment Act and regulations.
 BC Assessment contacts the applicant to advise of the decision.

17. Managed Forest Class – BCA Requirements
Under the Assessment Act and regulations, to qualify as Managed
Forest the land must meet minimum size and productivity
requirements.
 Minimum size is 25 hectares
 May consist of more than one parcel provided the parcels are
contiguous
 If the land is 50 hectares or less, at least 70% of the land must be
productive;
 If the land is more than 50 hectares, at least 50% of the land must
be productive.
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18. Managed Forest – Assessed Value
Land that meets the requirements of Managed Forest class is valued
using Regulated Rates.
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Assessed Land Value = Bare Land Value + Cut Timber
Rates developed annually in accordance with the Managed Forest
Land And Cut Timber Values Regulation (B.C. Reg. 90/2000)

19. Managed Forest – Bare Land Rates
Bare Land Value represents the value the land has for the purpose of
growing and harvesting trees.
 It does not include the value of the trees on the property.
 Bare Land Rates are calculated using the following inputs:
Stumpage
Topography
Accessibility
Market Multiplier
Soil Quality
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20. Bare Land Rate Calculations
 261 Bare Land Rates
 Bare Land Rates applied to managed forest land is
dependent on:
• location,
• accessibility,
• topography, and
• soil capability of the land
 2015 Bare Land Rates changed from -2% to +12%
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21. Bare Land Rates Sample
Managed Forest Land And Cut Timber Values Regulation
(B.C. Reg. 90/2000)
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22. Cut Timber Rates
The value of trees harvested in any year is added two years later to
the property’s assessed land value.
 For example, the value of cut timber harvested in 2014 will be
included in the 2016 assessed value.
 Cut timber rates reflect the location of the species and grade of the
trees cut, as well as their accessibility.
 This information is obtained from the owner through an annual
request for harvesting data.
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23. Managed Forest Land - Cut Timber Rates
 Greater than 1,200 Cut Timber Rates
 Cut Timber Rate applied to managed forest land is
dependent on
• the valuation area,
• the species of tree cut,
• the grade of tree cut,
• and the accessibility of the forest it is removed from
 Cut Timber Rates are determined in 2 separate manners
• one for coastal cut timber
• one for interior cut timber
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24. Managed Forest Land - Cut Timber Rates
 Coastal Cut Timber
• based on prices from the domestic Vancouver log market
• based on the average price per cubic metre by species and
letter grade over the past 12 months
• adjusted by average costs for hauling, sorting and booming in
Howe Sound
 2015 Coastal Cut Timber Rates average increase of $4.09 per m3
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25. Coastal Cut Timber Rate Sample
Managed Forest Land And Cut Timber Values Regulation
(B.C. Reg. 90/2000)
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26. Interior Cut Timber Rates Calculation
 There is no log market in the interior
 Interior Cut Timber rates are determined with the following inputs:
Lumber Selling Prices
Lumber Recovery factors
Chip Selling Price
Milling Costs
Access
 2015 Interior Cut Timber Rates an average increase of $6.29 per
m3
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27. Interior Cut Timber Rates Sample
Managed Forest Land And Cut Timber Values Regulation
(B.C. Reg. 90/2000)
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28. Contact Us
By Phone:
1-866-valueBC
(1-866-825-8322) Ext. 00225
By Email:
managedforest@bcassessment.ca
Fact Sheets on Website:
www.bcassessment.ca
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29. Questions?