Both Nanaimo City Council and North Saanich District Council yesterday endorsed
recommendations to jointly appeal a recent decision of the Property Assessment
Appeal Board regarding the Horseshoe Bay terminal in West Vancouver. This
decision reduced the assessed values of the upland (non-maritime) property from
more than $47 million in 2012 to only $20.00. This will result in the District
of West Vancouver having to pay back more than $750,000 for the 2010, 2011 and
2012 taxation years.
Although
this decision will not immediately impact the City of Nanaimo, it previews what
could happen should BC Ferries appeal the assessments of their terminals. In
2012, BC Ferries paid approximately $1.1 million in property taxes on the three
terminals in Nanaimo. The appeal is of immediate concern to North Saanich given
it is already under appeal from BC Ferries. In North Saanich for 2012 the amount
was approximately $395,000 on the Schwartz Bay terminal.
It is
unusual for one municipality to appeal an assessment ruling in another
jurisdiction. In this case, Council of both municipalities believe that being a
participant in the process is the best way to protect the interests of all
Nanaimo and North Saanich citizens. It is also a way to support BC Assessment
and the District of West Vancouver, who have already filed their own appeals of
the Property Assessment Appeal Board decision. Nanaimo and North Saanich will
participate jointly in this appeal, sharing legal resources and
costs.
Mayor John
Ruttan says “Council believes that it is important that every property bear its
fair share of the cost of the services that are provided by local government. We
think that this is the best way to ensure this outcome in this
instance.”
Mayor
Alice Finall of North Saanich endorsed that statement. She stated further:
“Acting jointly in this manner should improve the possibility of a fair outcome
for our two municipalities. For both, the sharing of costs and legal resources
in pursuing a common aim makes good sense.”
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