The City of Victoria will receive more than $3.2 million from the province in compensation for municipal property taxes.
Grants-in-lieu of property taxes are distributed annually as a way to reimburse municipalities for services that have benefited B.C. 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.
According to the Municipal Aid Act, a grant-in-lieu is payable on land owned by the provincial government – for example, courthouses, provincial government office buildings, ambulance stations and warehouses.