Property Assessment Appeal Board Finds Nominal Value in Horseshoe Bay Ferry Terminal

In this decision which is sure to cause debate within local government financial circles, the Property Assessment Appeal Board ("PAAB") has found only nominal value in the Horseshoe Bay ferry terminal located in West Vancouver. BC Ferry Services Inc. had appealed the approximately $40,000,000 values ascribed to the terminal lands and improvements for each of the taxation years 2010, 2011, and 2012 as set by the British Columbia Assessment Authority.

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