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Brownfield Site Assessment Value
WHEREAS local governments, particularly in rural and remote areas, are experiencing a growing number of brownfield sites well situated along their transportation or municipal services corridors which provide zero municipal property tax revenues to municipalities;
AND WHEREAS when the brownfield sites require contamination remediation, BC Assessment assesses the brownfield sites, usually in the business class with a one dollar value to the land, resulting in zero tax revenues to the municipality;
AND WHEREAS these brownfield sites are not carrying their fair share of the tax burden for the community:
THEREFORE BE IT RESOLVED that the NCLGA and UBCM lobby the Provincial Government to amend the Assessment Act to provide municipalities with the authorization to assess brownfield site properties in a “separate” class that creates greater motivation by the owners, generally corporate, to mitigate the environmental hazards and redevelop these unsightly properties.
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