Railway, Pipeline, Electric Power and Telecommunications Corporation Rights of Way Valuation Regulation

Railway, Pipeline, Electric Power and
Telecommunications Corporation
Rights of Way Valuation Regulation

[includes amendments to B.C. Reg. 363/2006, December 18, 2006]

Interpretation

1 In this regulation, "gathering pipeline" means a gathering pipeline as defined in the Prescribed Classes of Property Regulation, B.C. Reg. 438/81.

[en. B.C. Reg. 488/2003, s. 1.]

Application

2 This regulation shall be used for determinations of value for the purposes of assessment for the 2007 and subsequent taxation years.

[en. B.C. Reg. 285/90, s. 1; am. B.C. Regs. 502/92, s. 1; 457/94, s. 2; 499/95, s. 1; 335/96, s. 1;
442/97, s. 1; 420/98, s. 1; 425/99, s. 1; 381/2000, s. 1; 282/2001, s. 1; 362/2002, s. 1; 488/2003, s. 2;
559/2004, s. 1; 363/2006, s. (a).]

Determination of value

3 The actual value of the right of way for the items in column 1 of the table must be determined using the rates set out opposite them in column 2:

Column 1	Column 2
For the track in place of a railway corporation, located on land (a) described in section 1 (1) (c) (i) or (ii) of the Criteria for Railway Right of Way Definition Regulation, B.C. Reg. 325/96, and (b) south of the 59^th parallel	$4 665 per acre
For the track in place of a railway corporation, located on land (a) described in section 1 (1) (c) (i) or (ii) of the Criteria for Railway Right of Way Definition Regulation, B.C. Reg. 325/96, and (b) north of the 59^th parallel	$198 per acre
For the track in place of a railway corporation, located on land described in section 1 (1) (c) (iii) of the Criteria for Railway Right of Way Definition Regulation, B.C. Reg. 325/96	$502 per acre
For the pipelines of a pipeline corporation, other than gathering pipelines	$2 780 per acre
For the gathering pipelines of a pipeline corporation	$511 per acre
For the transmission lines of an electrical power corporation	$2 780 per acre
For the metallic or fibre optic cables of a telecommunications corporation	$2 780 per acre

[am. B.C. Regs. 457/94, s. 3; 499/95, s. 2; 335/96, s. 2; 442/97, s. 2; 420/98, s. 2; 425/99, s. 2;
381/2000, s. 2; 282/2001, s. 2; 362/2002, s. 2; 488/2003, s. 3; 559/2004, s. 2; 363/2006, s. (b).]

[Provisions of the Assessment Act, R.S.B.C. 1996, c. 20, relevant to the enactment of this regulation: section 21]