Thank you, Mr. Speaker. As I have mentioned previously, lessees are charged assessed value of land, and on the territorial lands it's 10 per cent of appraised value. Now, I don't know the method which MACA uses to arrive at these assessments, but I think there's a scientific way in which they do arrive at the assessments of the property. Of course, on that assessment is based the lease fees. Thank you.
Louis Sebert on Question 235-18(3): Property Tax Assessments
In the Legislative Assembly on March 9th, 2018. See this statement in context.
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