SIRRA Minutes March 7, 2015 - Final 1

Dear Ms. Hage and Mr. Dow,

Thank you for your inquiry and the opportunity to respond to your questions. I have 

provided below information that I trust will assist with understanding 2015 property 

assessments on Saturna and Mayne Islands.

BC Assessment produces annual market value assessments for approximately 

2,000,000 properties in the province of BC including approximately 146,000 within the 

Capital Region. There are 680 properties on Saturna Island and 1,392 properties on . 

Dear Ms. Fair, Our combined associations represent residential and commercial property owners and renters on Mayne and Saturna islands and have been approached by concerned landowners of large parcels of undeveloped or underdeveloped land (+25 acres). Almost all of these properties have seen their assessments increase (many by more than 25% from the previous year) at a time when the assessed and actual value of properties on these islands has declined significantly. Our members would like to gain an understanding of BC Assessment’s approach to evaluating property values.

SIRRA Survey Results