PROPERTY ASSESSMENT APPEAL BOARD
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Decision and Order

IN THE MATTER OF AN APPEAL PURSUANT TO S. 50 OF THE ASSESSMENT ACT

 

CONCERNING:

 

 

Tolko Industries Ltd

 

APPELLANT

 

AND

 

 

Assessor Of Area #20 - Vernon

 

RESPONDENT

 

Appeal Nos.:

2006-20-00029; 2007-20-00022; 2008-20-00037

 

Date of Decision:

February 17, 2010

 

Property:

20-83-323-00159.000

866 Otter Lake Cross Road District of Spallumcheen

 

Board Panel:

Simmi K. Sandhu, Panel Chair

 

Further to the Board’s Interim Decision of January 28, 2010 (2010 PAABBC 20090445) the parties have agreed to a recommendation to resolve these appeals.  The Board accepts the recommendation and orders the Assessor to amend the assessment roll as follows:

 

Appeal No. 2006-20-00029:

 

 

Tax Code

 

FROM

Tax Code

 

TO

Land:

Class 4 - Major Industry

00

$

1,734,000

00

$

1,734,000

 

Class 4 - Major Industry

95

$

53,600

95

$

53,600

Improvements:

Class 4 - Major Industry

00

$

15,831,000

00

$

15,383,000

 

Class 4 - Major Industry

95

$

28,700

95

$

28,000

Total Assessed Value:

$

17,647,300

 

$

17,198,600

 

Appeal No. 2007-20-00022:

 

 

Tax Code

 

FROM

Tax Code

 

TO

Land:

Class 4 - Major Industry

00

$

3,206,000

00

$

3,206,000

 

Class 4 - Major Industry

95

$

99,100

95

$

99,100

Improvements:

Class 4 - Major Industry

00

$

15,906,000

00

$

16,352,000

 

Class 4 - Major Industry

95

$

30,300

95

$

30,300

Total Assessed Value:

$

19,241,400

 

$

19,687,400

 

Appeal No. 2008-20-00037:

 

 

Tax Code

 

FROM

Tax Code

 

TO

Land:

Class 4 - Major Industry

00

$

5,656,000

00

$

5,656,000

 

Class 4 - Major Industry

95

$

174,000

95

$

174,000

Improvements:

Class 4 - Major Industry

00

$

20,289,000

00

$

16,660,000

 

Class 4 - Major Industry

95

$

32,600

95

$

32,600

Total Assessed Value:

$

26,151,600

 

$

22,522,600

 

The property shall be subject to the exemptions from taxation, if any, using the same method of calculation as may be shown on the assessment roll confirmed by the Property Assessment Review Panel.