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B.C. Reg. 485/83 O.C. 2024/83 |
Deposited December 19, 1983 |
This archived regulation consolidation is current to August 5, 2005 and includes changes enacted and in force by that date. For the most current information, click here. |
Community Charter
[includes amendments up to B.C. Reg. 80/2004]
1 This regulation applies to the 1984 and subsequent taxation years.
2 (1) Improvements on a parcel of land that are classified as Class 4, 5 or 6 under the regulations under the Assessment Act are exempt from property tax levies under the Acts listed in the schedule to a maximum of $10 000 of their assessed value.
(2) Notwithstanding subsection (1), where improvements referred to in subsection (1) are part of an eligible property, as defined in the Tourist Accommodation (Assessment Relief) Act, the exemption under subsection (1) shall be reduced by the amount of the reduction in assessed value of the improvements on the eligible property under that Act, and the reduction under this subsection applies notwithstanding that some or all of the exemption under subsection (1) would be applied to class 4 or class 5 improvements under section 3.
[am. B.C. Regs. 120/88; 405/88, s. 2; 372/2003, s. (b) (i); 80/2004.]
3 Where improvements on a parcel of land are classified as more than one of classes 4, 5 or 6, the exemption under section 2 shall be applied first against the portion of the assessed value contained in class 4, then against the portion of value contained in class 5 and finally against any remaining value contained in class 6.
[en. B.C. Reg. 120/88.]
Schedule
[am. B.C. Reg. 372/2003, s. (b) (ii).]
Assessment Authority Act |
British Columbia Transit Act |
Community Charter |
Education (Interim) Finance Act [Repealed 1989-61-195 (a)] |
Hospital District Act |
Islands Trust Act |
Local Government Act |
Municipal Finance Authority Act |
Taxation (Rural Area) Act |
Vancouver Charter |
[Provisions of the Community Charter Act, S.B.C. 2003, c. 26, relevant to the enactment of this regulation: sections 223 and 282]
Copyright (c) 2005: Queen's Printer, Victoria, British Columbia, Canada