Prince George –Prince George will receive  $1.9 million  grants in lieu of property taxes for 2010.

 

Before the 1960s, it was practice that one level of government did not tax the property of another level of government. However, in 1963, the Province began to recognize its responsibility to compensate municipalities for local services that benefited these properties, such as roads, sewers and fire protection.

 

Grants-in-lieu of property taxes are distributed as a way to compensate municipalities for services that benefited government properties. The grants are based on the assessed value of provincially-owned office buildings and other properties in each municipality. To save time, money and paper, the funds are distributed electronically.