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199 The Lieutenant Governor in Council may make regulations respecting tax rates that may be established by an annual property tax bylaw, including regulations doing one or more of the following:

  • (a) prescribing limits on tax rates;
  • (b) prescribing relationships between tax rates;
  • (c) prescribing formulas for calculating the limits or relationships referred to in paragraph (a) or (b);
  • (d) allowing the inspector under prescribed circumstances to vary, by order, a limit, relationship or formula prescribed under this section.

2003-26-199, effective January 1, 2004 (B.C. Reg. 423/2003).