Equitable Classification and Exemption

James D. Fraser

A hallmark of the assessment and taxation of property in B.C. is the principle of equity: taxing authorities must deal even-handedly with all taxpayers in a municipality or rural area, and all taxpayers within a class must be treated in the same way. That is, properties with identifiable, similar attributes within a class should be assessed for taxation, e.g., classified, valued and subject to exemptions from assessment and taxation consistently, within a municipality or rural area.