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TUE CORPORATION OF THE CITY oF port COQULTEAM
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BY-LAW HO. 186 O

A By-law to Provide for determination of assessed value of NOV {
§ 1934

land and improvements within the ‘municipality for general Purposes, ROV 24 198]
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' WHEREAS Sections 26 (19) and 26 (20). of. the Assessment
Act provide:
"(19) The council of a municipality shall, by bylaw adopted
on or before November 10 in each calendar year, a copy of which shall
deposited wich the commissioner and the Inspector. of Municipalities,
provide that the assessed values of land and improvements within the
municipality for general municipal Purposes in the following calendar
year, be determined ‘in accordance with one of the following options:
(a) assessment Of land and improvements, as defined in
this Act for general municipal Purposes, at the same
percentage of actual values and with. the same
limitations on assessment increases as those fixed
or provided for in subsections (7) to (18);
assessment of land and improvements, as defined in
this Act for general cunicipal Purposes, at the sane
Percentages of actual value as fixed under subsection (3);
assessment of land and improvements, as defined in chis
Act for general Municipal Purposes, at the same @veraga
percentages of actual values as those thar are
determined by the commissioner to have existed withia
the municipalicy on April Ll of the calendar year
Preceding che calendar year for which the assessnen- roil
is being Prepared, for each class of Property defined in
subsection (9): or
assessment of land and improvements, as defined in this
Act for general municipal purposes, ac actual value or
at some uniform percentage of actual value specified fn
the bylaw for all classes of property.

(20) A bylaw adopted under subsection (19) remains in effece from

year ¢o year until a new bylaw ig adopted and, during chat perfod subsection

.

(19) does not apply,

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