Government Grant
Local Government Grants-in-Lieu of Taxes
A grant‐in‐lieu of taxes is similar to a property value tax and is collected from property owned by or vested in the provincial and federal governments and their associated agencies and Crown corporations that are exempt from property taxation under the Constitution Act.
- 4.5/5.0
- British Columbia. Municipal Affairs and Housing
- All levels
- Last updated 3 years ago
- English
Description
A grant‐in‐lieu of taxes is similar to a property value tax and is collected from property owned by or vested in the provincial and federal governments and their associated agencies and Crown corporations that are exempt from property taxation under the Constitution Act.- A grant‐in‐lieu of taxes is similar to a property value tax and is collected from provincial and federal governments and their associated agencies and Crown corporations (for example, courthouses, provincial and federal government office buildings and ambulance stations).