s. 1
— Land and improvements
In this regulation, land and improvements does not include land and improvements that are taxable for school purposes only by special Act.
s. 2
— Prescribed tax
s. 2(1)
For the purposes of section 15 (2) (b) of the British Columbia Transit Act, prescribed tax rates for the fiscal year starting on April 1, 2019 are
s. 2(1)(a)
$0.1743 per $1 000 of the net taxable value of land and improvements of property in classes 1, 3, 8 and 9, and
s. 2(1)(b)
$0.9412 per $1 000 of the net taxable value of land and improvements of property in classes 2, 4, 5, 6 and 7.
s. 2(2)
The references to classes of property in subsection (1) are to the classes of property under the Prescribed Classes of Property Regulation.