Community minister Bill Bennett has helped resolve a dispute between a number of municipalities, BC Ferries and the BC Assessment Appeal Board.
Bennett says the deal will see make sure ferry terminal properties are accurately assessed, after the appeal board reduced their value to virtually nothing last year and put local governments on the hook for millions of dollars in tax repayments.
“So this agreement that we have between the two agencies not only establishes a methodology a way to get to a reasonable assessment of all these 48 ferry properties, it also includes an agreement that those three years taxes will not have to be paid back by the city of west vancouver, so i would like to suggest to you that it’s a win-win.”
Bennett says this agreement will run for five years.
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