Point in Time - Restricted-Use Property Valuation Regulation - 236/2017

"Point in Time" Regulation Content

Assessment Act

Restricted-Use Property Valuation Regulation

B.C. Reg. 236/2017

NOTE: Links below go to reg content as it was prior to the changes made on the effective date. (PIT covers changes made from September 19, 2009 to present)
SECTIONEFFECTIVE DATE
Part 1 December 16, 2019
Section 1 December 16, 2019
Section 2 December 10, 2018
December 16, 2019
Section 3 December 16, 2019
Section 4 December 10, 2018
December 16, 2019
Part 2 December 16, 2019
Section 5 December 16, 2019
Section 6 December 16, 2019
Section 7 December 16, 2019
Schedule December 10, 2018
December 16, 2019
December 16, 2019
December 16, 2019

 Part 1 heading was added by BC Reg 267/2019, effective December 16, 2019.

 Section 1 definitions of "adjustment factor", "berth improvement", "double berth", "NAV CANADA" and "single berth" were added by BC Reg 267/2019, effective December 16, 2019.

 Section 2 (2) (a) BEFORE amended by BC Reg 264/2018, effective December 10, 2018.

(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 2018 taxation year, as at December 31, 2017, and

 Section 2 BEFORE amended by BC Reg 267/2019, effective December 16, 2019.

Interpretation of Schedule

2   In the Schedule,

(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 2019 taxation year, as at December 31, 2018, and

(b) the facility names set out in Column 5 of the Schedule are listed for ease of reference only and do not affect the designation by assessment roll number.

[am. B.C. Reg. 264/2018, s. 1.]

 Section 3 BEFORE re-enacted by BC Reg 267/2019, effective December 16, 2019.

Eligible person

3   British Columbia Ferry Services Inc. is prescribed for the purposes of the definition of "eligible person" in section 20.5 (1) of the Act.

 Section 4 (2) and (3) BEFORE amended by BC Reg 264/2018, effective December 10, 2018.

(2) The actual value of designated restricted-use property listed in Column 1 is, for the 2018 taxation year, the amount set out opposite in Column 2 of the Schedule.

(3) The actual value of land and improvements that are designated restricted-use property listed in Column 1 is, for the 2018 taxation year, the amount set out opposite in Column 3 or 4 of the Schedule, as applicable.

 Section 4 (1), (2) and (3) BEFORE amended by BC Reg 267/2019, effective December 16, 2019.

(1) The property identified by the assessment roll numbers listed in Column 1 of the Schedule is designated for the purposes of section 20.5 [special valuation rules for restricted-use property] of the Act.

(2) The actual value of designated restricted-use property listed in Column 1 is, for the 2019 taxation year, the amount set out opposite in Column 2 of the Schedule.

(3) The actual value of land and improvements that are designated restricted-use property listed in Column 1 is, for the 2019 taxation year, the amount set out opposite in Column 3 or 4 of the Schedule, as applicable.

 Part 2 heading was added by BC Reg 267/2019, effective December 16, 2019.

 Section 5 was enacted by BC Reg 267/2019, effective December 16, 2019.

 Section 6 was enacted by BC Reg 267/2019, effective December 16, 2019.

 Section 7 was enacted by BC Reg 267/2019, effective December 16, 2019.

 Schedule BEFORE re-enacted by BC Reg 264/2018, effective December 10, 2018.

Schedule

Assessment Roll Designations and Actual Value for the 2018 Taxation Year

ItemColumn 1
Assessment
Roll Number
Column 2
Actual Value for
2018 Taxation Year
Column 3
Land Value for
2018 Taxation Year
Column 4
Improvement Value for
2018 Taxation Year
Column 5
Facility Name
101-302-311834001$1 181 000$840 000$341 000BRENTWOOD BAY TERMINAL
201-332-21400001$590 000$576 000$14 000QUONSET HUT IN WORKS YARD
301-332-21452010$40 829 000$19 535 000$21 294 000SWARTZ BAY TERMINAL
401-764-08630020$150 000$150 000$0VACANT LAND
501-764-01049030$285 300$254 000$31 300VESUVIUS (UPLAND) SALTSPRING TERMINAL
601-764-12999239$890 000$223 000$667 000LYALL HARBOUR SATURNA TERMINAL
701-764-01800168$715 000$414 000$301 000VESUVIUS SALTSPRING TERMINAL
801-764-02061001$1 385 000$994 000$391 000STURDIES BAY GALIANO TERMINAL
901-764-13039014$1 553 000$1 201 000$352 000OTTER BAY PENDER TERMINAL
1001-764-01800485$1 651 000$1 209 000$442 000FULFORD SALTSPRING TERMINAL
1101-764-05162064$2 526 000$1 842 000$684 000VILLAGE BAY MAYNE TERMINAL
1201-764-00877005$3 382 000$2 507 000$875 000LONG HARBOUR SALTSPRING TERMINAL
1304-250-84746001$1 330 000$1 018 000$312 000NANAIMO TERMINAL
1404-250-16182640$15 292 000$6 586 000$8 706 000DUKE POINT TERMINAL
1504-250-89058000$20 809 000$8 940 000$11 869 000DEPARTURE BAY TERMINAL
1604-315-13978000$475 000$324 000$151 000CROFTON TERMINAL
1704-315-17994000$474 000$270 000$204 000CHEMAINUS TERMINAL
1804-765-04586001$2 600$2 600$0VACANT LAND
1904-765-04587001$3 100$3 100$0VACANT LAND
2004-765-18464011$4 900$4 900$0VACANT LAND
2104-765-04586000$425 000$193 000$232 000THETIS ISLAND TERMINAL
2204-765-04587000$379 000$238 000$141 000PENELAKUT ISLAND TERMINAL
2304-765-18464010$545 000$297 000$248 000MILL BAY TERMINAL
2404-768-13919141$7 600$7 600$0VACANT LAND
2504-768-13919140$393 000$220 000$173 000GABRIOLA ISLAND TERMINAL
2606-330-3906200$1 376 000$460 000$916 000WESTVIEW POWELL RIVER TERMINAL
2706-334-02600000$1 245 000$503 000$742 000BEAR COVE PORT HARDY TERMINAL
2806-336-08751002$1 289 000$913 000$376 000CAMPBELL RIVER TERMINAL
2906-502-00150100$535 000$123 000$412 000ALERT BAY (JUR 502) TERMINAL
3006-563-02025000$920 000$149 000$771 000PORT MCNEILL TERMINAL
3106-747-27150101$5 700$5 700$0VACANT LAND
3206-747-18951551$453 000$200 000$253 000BLUBBER BAY TEXADA ISLAND TERMINAL
3306-747-27150100$1 419 000$719 000$700 000SALTERY BAY TERMINAL
3406-771-27113951$3 100$3 100$0VACANT LAND
3506-771-27113956$10 800$10 800$0VACANT LAND
3606-771-27113953$55 000$55 000$0VACANT LAND
3706-771-27113150$603 000$199 000$404 000DENMAN ISLAND EAST TERMINAL
3806-771-27110150$593 000$199 000$394 000HORNBY ISLAND TERMINAL
3906-771-27113950$1 711 000$317 000$1 394 000DENMAN ISLAND WEST TERMINAL
4006-771-27113955$1 917 000$335 000$1 582 000BUCKLEY BAY TERMINAL
4106-771-27116150$3 378 000$1 515 000$1 863 000LITTLE RIVER COMOX TERMINAL
4206-772-27388111$9 700$9 700$0VACANT LAND
4306-772-27388101$371 000$221 000$150 000HERIOT BAY QUADRA ISLAND TERMINAL
4406-772-27388090$667 000$343 000$324 000WHALETOWN CORTES ISLAND TERMINAL
4506-772-27388110$1 215 000$584 000$631 000QUATHIASKI COVE QUADRA ISLAND TERMINAL
4606-785-27250701$1 800$1 800$0VACANT LAND
4706-785-14868501$3 900$3 900$0VACANT LAND
4806-785-27250700$794 200$30 200$764 000SOINTULA MALCOLM ISLAND TERMINAL
4906-785-27257150$513 600$16 600$497 000SOINTULA TERMINAL
5006-785-14868500$2 850 700$50 700$2 800 000ALERT BAY (JUR 785) TERMINAL
5108-321-06719400$741 000$409 000$332 000SNUG COVE TERMINAL
5208-328-010577002000$5 909 000$3 322 000$2 587 000HORSESHOE BAY TERMINAL - OFFICE
5308-328-010302100000$1 060 000$1 060 000$0VACANT LAND
5408-328-010302110000$40 300$40 300$0VACANT LAND
5508-328-010302115000$47 900$47 900$0VACANT LAND
5608-328-010302120000$398 000$398 000$0VACANT LAND
5708-328-010302125000$55 300$55 300$0VACANT LAND
5808-328-010302130000$6 400$6 400$0VACANT LAND
5908-328-010302135000$200 000$200 000$0VACANT LAND
6008-328-010302140000$24 800$24 800$0VACANT LAND
6108-328-010577001000$40 118 000$17 090 000$23 028 000HORSESHOE BAY TERMINAL
6208-328-010577005000$26 500$26 500$0VACANT LAND
6308-328-010577006000$6 400$6 400$0VACANT LAND
6408-328-010577013000$11 200$11 200$0VACANT LAND
6508-328-010583006000$2 490 000$2 490 000$0VACANT LAND
6608-328-030092004005$53 700$53 700$0VACANT LAND
6708-328-030093010000$507 000$507 000$0VACANT LAND
6808-328-270008001000$16 600$16 600$0VACANT LAND
6908-328-270008002000$177 000$177 000$0VACANT LAND
7008-328-270008003000$121 000$121 000$0VACANT LAND
7108-328-270008015000$87 300$87 300$0VACANT LAND
7208-328-270008016000$40 100$40 100$0VACANT LAND
7308-328-270008017000$14 700$14 700$0VACANT LAND
7408-328-270008018000$15 600$15 600$0VACANT LAND
7508-328-270008020000$1 214 000$1 214 000$0VACANT LAND
7608-746-06606105$3 100$3 100$0VACANT LAND
7708-746-06606077$38 600$38 600$0VACANT LAND
7808-746-06873200$360 000$187 000$173 000LANGDALE TERMINAL
7908-746-06606000$882 000$516 000$366 000EARLS COVE TERMINAL
8008-746-03717005$1 274 000$1 274 000$0VACANT LAND
8108-746-06873100$5 977 000$1 671 000$4 306 000LANGDALE TERMINAL
8211-306-D410015000$57 663 000$23 769 000$33 894 000TSAWWASSEN TERMINAL
8324-749-08000259$900$900$0VACANT LAND
8424-749-08000314$900$900$0VACANT LAND
8524-749-08000874$900$900$0VACANT LAND
8624-749-08000316$900$900$0VACANT LAND
8724-749-03852100$309 700$700$309 000SHEARWATER TERMINAL
8824-749-08000226$589 700$700$589 000MCLOUGHLIN BAY BELLA BELLA TERMINAL
8924-749-04002300$488 700$700$488 000BELLA COOLA TERMINAL
9025-227-W000022000$837 000$706 000$131 000PRINCE RUPERT TERMINAL
9125-227-W000024300$293 000$293 000$0PRINCE RUPERT TERMINAL
9225-227-W000024100$1 375 000$478 000$897 000PRINCE RUPERT TERMINAL
9325-529-03122855$13 700$13 700$0VACANT LAND
9425-529-03122600$139 600$20 600$119 000KWUNA SKIDEGATE QCI TERMINAL
9525-529-03122850$394 500$78 500$316 000SKIDGATE QCI TERMINAL
9625-780-03808000$195 000$20 000$175 000OLD KLEMTU TERMINAL
9725-780-00244100$2 572 800$75 800$2 497 000NEW KLEMTU TERMINAL
9825-750-03478150$25 400$1 000$24 400ALLIFORD BAY QCI TERMINAL (PC01)
9925-750-03478150$567 700$16 700$551 000ALLIFORD BAY QCI TERMINAL (PC06)

 Schedule BEFORE repealed by BC Reg 267/2019, effective December 16, 2019.

Schedule

[en. B.C. Reg. 264/2018, s. 3.]

 Schedule 1 was enacted by BC Reg 267/2019, effective December 16, 2019.

 Schedule 2 was enacted by BC Reg 267/2019, effective December 16, 2019.