Legislation > Box 27 – Row 1 > Protecting jobs and supporting local economies

Assessment Amendment Act

The Assessment Amendment Act, 2018 protects community-sustaining jobs and supports local economies through changes to how BC Assessment values major industrial properties (Class 4 under the Assessment Act). Major industry creates prosperity throughout the province, whether in lumber and pulp mills, mines and smelters, large product manufacturers or other similar operations. These changes will affect the valuation for properties where the value of active industrial facilities are affected by an official community plan change.
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