Real Property Assessment 2005: Major Industry Use and Classification Issues
James D. Fraser
A brief overview of the principles of classification of industrial properties in the context of a review of recent classification decisions. Under s. 19(14) of the B.C. Assessment Act, R.S.B.C. 1996, c. 20 and the Prescribed Classes of Property Regulation (B.C. Reg. 438/81), real property in B.C. is classified for the purposes of assessment and taxation into one or more of eight property classes.