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As many as 20 per cent of all residential property owners in the province should be appealing their property assessments, says the man who has literally written the book on the assessment appeals process.
Peter Morris, a commercial real estate agent who has co-written a book entitled How to Successfully Appeal Your B.C. Assessment, said the sheer volume of properties the assessment authority has to evaluate means there are bound to be mistakes made.
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“It’s my belief that there are a good 20 per cent of assessments that are incorrect,” he said.
“It’s not because B.C. Assessment is doing things wrong necessarily, but there are a lot of factors in play when it comes to assessments being incorrect.”
Morris, who co-wrote the 64-page book with appraiser and former B.C. Assessment supervisor Tim Down, said the biggest factor is the number of properties on the provincial roll.