16 Property Valuation

• 16 (1) If a real property tax law of a treaty first nation enacted under section 14(1) imposes property taxes on the basis of property value, the law must either

• (a) adopt the Assessment Act and the regulations under it, in their entirety and as amended from time to time, for the purposes of valuing and classifying interests in real property within the treaty lands of the treaty first nation, or
• (b) establish a complete system for the purpose of valuing interests in real property within the treaty lands of the treaty first nation.

• (2) If, under subsection (1)(a), a real property tax law of a treaty first nation adopts the Assessment Act and the regulations under it, the following enactments apply in their entirety and as amended from time to time for the purposes of assessing and taxing interests in real property within the treaty lands of the treaty first nation:

• (a) the Manufactured Home Tax Act and the regulations under it;
• (b) the Tourist Accommodation (Assessment Relief) Act and the regulations under it.

2024-13-267.