First Nations Property Assessment and Taxation (Railway Rights-of-Way) Regulations

Marginal note:Determination of assessable value

• 3 (1) Subject to subsection (2), a property taxation law in respect of taxation of property in a right-of-way area shall provide that an assessor must determine the assessable value of the following types of property using the assessment rates, adjustments, exceptions, inclusions and exclusions that would be applied if the property were subject to provincial taxation laws:

  • (a) track in place of a railway company, including fibre optic improvements;

  • (b) rights-of-way for track referred to in paragraph (a);

  • (c) bridges of a railway company;

  • (d) fibre optic improvements of a non-railway company;

  • (e) utility systems of a non-railway company, including pipeline, cable, telephone, power, sewer, gas and related facilities; and

  • (f) other improvements lawfully located in a right-of-way area.

• Marginal note:Adjustment factors

  (2) Adjustment factors do not apply to the determination of assessable values of property under a property taxation law.