Thank you, Mr. Speaker. As the Member’s office has correctly stated, the leases are based on 10 per cent of the assessed value, and that is standard across the Northwest Territories, that 10 per cent of assessed value exists from Fort Smith, all the way up the valley to the ocean. Now, that is standard across the Northwest Territories, and that 10 per cent is roughly a standard that would be true, all across Canada. What happens is that the MACA assesses the land based on several factors: location of force is always important; whether the land is developed or surveyed; or whether there is a road nearby. All of those factors go into determining what the assessment is, and the lease amount is based on 10 per cent of that. Of course, as mentioned when I was answering the other question, there is a reduced rate for agricultural, seniors, or for non-profit groups, which is half of the regular rate. Thank you.
Louis Sebert on Question 715-18(2): Land Lease Assessments
In the Legislative Assembly on March 8th, 2017. See this statement in context.
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