304_2010 — Port Land Valuation Regulation

s. 1 — Definition

In this regulation, Act means the Assessment Act.

s. 2 — Interpretation of Schedule

In the Schedule,

s. 2(a)

an assessment roll number set out in Column 1 of the Schedule is the number on the assessment roll prepared by the British Columbia Assessment Authority for the 2026 taxation year, as at December 31, 2025, and

s. 2(b)

Repealed. [B.C. Reg. 328/2012, s. 1 (b).]

s. 2(c)

the municipality and terminal names set out in Columns 3 and 4 of the Schedule are listed for ease of reference only and do not affect the designation by assessment roll number.

s. 3 — Designated port land and actual value for 2026 taxation year

s. 3(1)

The land identified by the assessment roll numbers listed in Column 1 of the Schedule is designated for the purposes of section 20.3 [special valuation rules for designated port land] of the Act.

s. 3(2)

The actual value of designated port land listed in Column 1 is, for the 2026 taxation year, the amount set out opposite in Column 2 of the Schedule.

s. 4 — Actual value for taxation years subsequent to 2026

s. 4(1)

In this section, consumer price index means the All-Items Consumer Price Index (Not Seasonally Adjusted) for British Columbia, published by Statistics Canada.

s. 4(2)

For taxation years subsequent to the 2026 taxation year, the actual value of designated port land for a taxation year is the actual value determined by the following formula:

Schedule

Schedule [en. B.C. Reg. 231/2025, s. 3.] Assessment Roll Designation and Actual Value for the 2026 Taxation Year