VICTORIA
– Today, 64 communities across British Columbia will share $16.9 million in
compensation for municipal property taxes. Grants-in-lieu
of property taxes are distributed as a way to reimburse municipalities for
services that benefited government properties, such as sewers, roads and fire
protection. The amounts paid are based on the assessed value of the properties
and the municipality’s tax rate. In
accordance with the Municipal Aid Act, a grant-in-lieu is payable on land owned
by the provincial government, such as courthouses, provincial government office
buildings, ambulance stations and warehouses. It is not provided for highways,
forests, parks or land under the control, management or administration of a
Crown corporation. Schools and hospitals are also exempt from paying municipal
property taxes and will not receive a grant-in-lieu.
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Complete List at above link. (Vernon and some others excerpted below. )
BCLC Property ??
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