Region receives grants in lieu of property taxes

Saanich is $410,000 richer thanks to the province’s annual disbursement of compensation for municipal property taxes on Nov. 15.

  • Nov. 17, 2011 1:00 p.m.

Saanich is $410,000 richer thanks to the province’s annual disbursement of compensation for municipal property taxes on Nov. 15.

Grants-in-lieu of property taxes are distributed as a way to reimburse municipalities for services that benefited government properties, such as sewers, roads and fire protection. The amounts paid are based on the assessed value of the properties and the municipality’s tax rate.

A grant-in-lieu is payable on land owned by the provincial government, such as courthouses, provincial government office buildings, ambulance stations and warehouses.

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