Appendix
Comparative Tax Ratios and Municipal Taxes per Capita Schedules
April 9, 2024Pages 76–816 sections
Regional data comparing View Royal's business and recreation tax ratios and taxes per capita against other CRD municipalities.
View Royal business class ratio (4.30) is above the regional 5-year median (3.55)View Royal municipal taxes per capita ($634) was the second lowest in the CRD in 2023
Schedule 1 Comparative Tax Ratios-Business Class 6
Business Tax Ratios by Municipality and Year
View Royal Business Tax Ratios
| Year | Ratio |
|---|---|
| 2019 | 3.55 |
| 2020 | 3.55 |
| 2021 | 3.69 |
| 2022 | 4.30 |
| 2023 | 4.30 |
2023 Business Tax Ratios by Municipality
| Municipality | 2023 Ratio |
|---|---|
| North Saanich | 6.8 |
| Highlands | 5.2 |
| Colwood | 5.0 |
| Saanich | 4.9 |
| Metchosin | 4.9 |
| View Royal | 4.3 |
| Victoria | 3.8 |
| Sooke | 3.7 |
| Oak Bay | 3.1 |
| Esquimalt | 3.0 |
| Langford | 2.8 |
| Sidney | 2.6 |
| Central Saanich | 2.3 |
- 5-year median Class 6 ratio: 3.55
- Provincial Class 6 ratio: 2.45
Source: Province of British Columbia Local Government Statistics, Municipal Tax Rates & Tax Burden
Page 76–81
Schedule 2 Comparative Tax Ratios-Recreation Class 8
Recreation Tax Ratios by Municipality and Year
View Royal Recreation Tax Ratios
| Year | Ratio |
|---|---|
| 2019 | 4.73 |
| 2020 | 4.73 |
| 2021 | 5.10 |
| 2022 | 6.00 |
| 2023 | 6.00 |
2023 Recreation Tax Ratios by Municipality
| Municipality | 2023 Ratio |
|---|---|
| Highlands | 8.2 |
| View Royal | 6.0 |
| Colwood | 5.1 |
| North Saanich | 3.7 |
| Saanich | 3.6 |
| Metchosin | 3.5 |
| Oak Bay | 2.6 |
| Victoria | 2.2 |
| Sidney | 2.2 |
| Central Saanich | 2.2 |
| Langford | 1.2 |
| Esquimalt | 1.1 |
| Sooke | 1.0 |
- 5-year median Class 8 ratio: 2.39
- Provincial Class 8 ratio: 1.00
Source: Province of British Columbia Local Government Statistics, Municipal Tax Rates & Tax Burden
Page 76–81
Schedule 3 Comparative Municipal Taxes per Capita
Municipal Taxes per Capita by Municipality and Year
View Royal Municipal Taxes per Capita
| Year | Taxes per Capita |
|---|---|
| 2019 | $538 |
| 2020 | $550 |
| 2021 | $568 |
| 2022 | $597 |
| 2023 | $634 |
2023 Municipal Taxes per Capita by Municipality
| Municipality | 2023 Taxes per Capita |
|---|---|
| Oak Bay | $1,627 |
| Saanich | $978 |
| Victoria | $913 |
| Central Saanich | $858 |
| Sidney | $851 |
| Esquimalt | $831 |
| Highlands | $746 |
| Colwood | $742 |
| North Saanich | $697 |
| Langford | $655 |
| Metchosin | $636 |
| View Royal | $634 |
| Sooke | $618 |
- 5-year median: $703
Source: Province of British Columbia Local Government Statistics, Municipal Tax Rates & Tax Burden
Page 76–81
Schedule 4 Municipal property tax rates and ratios
2024 Municipal Tax Rates Analysis
Scenario A Change all tax rates by same percentage; no change to tax ratios from prior year
Scenario class multiples
| Class | Multiple |
|---|---|
| Utilities (Note 1) | 19.1722 |
| Major industry | 3.9620 |
| Light industry | 3.9620 |
| Business and other | 4.3018 |
| Rec/Non profit | 6.0000 |
| Farm | 11.5800 |
Change in tax burden distribution
| Class | Change |
|---|---|
| Residential | 0.23% |
| Major industry | 0.00% |
| Light industry | 0.03% |
| Business and other | -0.52% |
| Rec/Non profit | 0.25% |
| Farm | 0.00% |
Tax Analysis Table
| Property Class | Current Year Assessments Excluding Non-Market Change | Current Year Assessments Converted | Prior Year Tax Multiples | Prior Year Tax Rates | Prior Year Tax Revenue | Prior Year Tax Burden Distribution | Current Tax Scenario Multiples | Current Tax Scenario Rates | Current Tax Scenario Revenue | % Change in Tax Rates | % Change in Class Contribution | Non-Market Change Assessments | Non-Market Change Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Residential Single Family | 2,766,949,500 | 2,766,949,500 | 1.0000 | 1.95737 | 5,417,423 | 48.82% | 1.0000 | 2.08635 | 5,772,825 | 6.59% | 6.56% | 1,760,100 | 3,672 |
| Residential Strata | 937,781,700 | 937,781,700 | 1.0000 | 1.95737 | 1,852,042 | 16.69% | 1.0000 | 2.08635 | 1,956,541 | 6.59% | 5.64% | 31,937,500 | 66,633 |
| Residential Vacant, ALR, Farm, Other | 364,249,403 | 364,249,403 | 1.0000 | 1.95737 | 711,766 | 6.41% | 1.0000 | 2.08635 | 759,952 | 6.59% | 6.77% | 56,080,100 | 117,003 |
| Total Residential | 4,068,980,603 | 4,068,980,603 | 1.0000 | 1.95737 | 7,981,230 | 71.92% | 1.0000 | 2.08635 | 8,489,318 | 6.59% | 6.37% | 89,777,700 | 187,308 |
| (1) Utilities | 805,200 | 15,437,455 | 20.4356 | 40.00000 | 32,180 | 0.29% | 19.1722 | 40.00000 | 32,208 | 0.00% | 0.09% | 133,100 | 5,324 |
| Light industry | 4,305,000 | 17,056,410 | 3.9620 | 7.75511 | 30,036 | 0.27% | 3.9620 | 8.26610 | 35,586 | 6.59% | 18.48% | - | - |
| Business and other | 346,533,300 | 1,490,716,950 | 4.3018 | 8.42023 | 2,936,415 | 26.46% | 4.3018 | 8.97504 | 3,110,150 | 6.59% | 5.92% | 1,083,000 | 9,720 |
| Rec/Non profit | 12,340,000 | 74,040,000 | 6.0000 | 11.74424 | 114,800 | 1.03% | 6.0000 | 12.51807 | 154,473 | 6.59% | 34.56% | - | - |
| Farm | 56,915 | 659,076 | 11.5800 | 22.66639 | 1,290 | 0.01% | 11.5800 | 24.15988 | 1,375 | 6.59% | 6.59% | - | - |
| Total | 4,433,021,018 | 5,666,890,494 | 11,095,951 | 99.98% | 11,823,110 | 90,993,800 | 202,352 |
Scenario Results Summary
| Property Class | Tax on $100,000 Property | Prior Year $100,000 Property Adjusted by 2023 Market | Tax on PY $100,000 Property | Increase (Decrease) | % Change | Tax Burden Distribution |
|---|---|---|---|---|---|---|
| Residential Single Family | 195.74 | 99,973 | 208.58 | 12.84 | 6.56% | 48.04% |
| Residential Strata | 195.74 | 99,111 | 206.78 | 11.04 | 5.64% | 16.82% |
| Residential Vacant, ALR, Farm, Other | 195.74 | 100,169 | 208.99 | 13.25 | 6.77% | 7.29% |
| Total Residential | 195.74 | 99,790 | 208.20 | 12.46 | 6.37% | 72.15% |
| (1) Utilities | 4,000.00 | 100,087 | 4,003.48 | 3.48 | 0.09% | 0.31% |
| Light industry | 775.51 | 111,154 | 918.81 | 143.30 | 18.48% | 0.30% |
| Business and other | 842.02 | 99,369 | 891.84 | 49.82 | 5.92% | 25.94% |
| Rec/Non profit | 1,174.42 | 126,240 | 1,580.29 | 405.86 | 34.56% | 1.28% |
| Farm | 2,266.64 | 100,000 | 2,415.99 | 149.35 | 6.59% | 0.01% |
| Total | 99.99% |
(1) The Utility Tax Levy cannot exceed the greater of a) $40 for each $1,000 of assessed value b) 2.5 times the rate applicable to business class 6
- Total revenue increase from prior year market value assessments: 6.55%
- Total revenue increase from non-market value assessments: 1.82%
- Tax revenue from market value increased assessments: 11,823,110
- Tax revenue from new (NMC) assessments: 202,352
- Total general tax revenue generated: 12,025,462
- Total general tax revenue required by financial plan: 12,025,440
Page 76–81
Schedule 5 Summary of impact on prior year $100,000 property value
Summary of impact on prior year $100,000 property value, adjusted for current year market change
Changing Tax Ratios (shown in red text)
| Class | Prior Year | Scenario A | Scenario B | Scenario C | Scenario D |
|---|---|---|---|---|---|
| Utilities | 20.4356 | 19.1723 | 19.1358 | 18.8184 | 19.1929 |
| Light industry | 3.9620 | 3.9620 | 3.5570 | 3.7000 | 3.9620 |
| Business | 4.3018 | 4.3018 | 4.3200 | 4.0000 | 4.3018 |
| Rec/Non profit | 6.0000 | 6.0000 | 4.7428 | 6.0000 | 6.5000 |
| Farm | 11.5800 | 11.5800 | 11.5555 | 11.5800 | 11.5800 |
Resulting Tax Rates
| Property Class | Class | Prior Year | Scenario A | Scenario B | Scenario C | Scenario D |
|---|---|---|---|---|---|---|
| Residential | 1 | 1.95737 | 2.08635 | 2.09032 | 2.12558 | 2.08410 |
| Light industry | 5 | 7.75511 | 8.26610 | 7.43528 | 7.86463 | 8.25722 |
| Business and other | 6 | 8.42023 | 8.97504 | 9.03020 | 8.50230 | 8.96540 |
| Rec/Non profit | 8 | 11.74424 | 12.51807 | 9.91399 | 12.75345 | 13.54668 |
| Farm | 9 | 22.66639 | 24.15988 | 24.15475 | 24.61416 | 24.13393 |
Resulting Taxes
| Property Segment | Prior year taxes on $100,000 property | Prior year $100,000 property adjusted for 2024 market | Market % Chg | Scenario A $ Chg | Scenario A % Chg | Scenario B $ Chg | Scenario B % Chg | Scenario C $ Chg | Scenario C % Chg | Scenario D $ Chg | Scenario D % Chg |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Residential Single Family | 196 | 99,973 | 0% | 13 | 6.6% | 13 | 6.8% | 17 | 8.6% | 13 | 6.4% |
| Residential Strata | 196 | 99,111 | -1% | 11 | 5.6% | 11 | 5.8% | 15 | 7.6% | 11 | 5.5% |
| Total Residential | 196 | 99,790 | 0% | 12 | 6.4% | 13 | 6.6% | 16 | 8.4% | 12 | 6.3% |
| Light industry | 776 | 111,154 | 11% | 143 | 18.5% | 51 | 6.6% | 99 | 12.7% | 142 | 18.4% |
| Business and other | 842 | 99,369 | -1% | 50 | 5.9% | 55 | 6.6% | 3 | 0.3% | 49 | 5.8% |
| Rec/Non profit | 1,174 | 126,240 | 26% | 406 | 34.6% | 77 | 6.6% | 436 | 37.1% | 536 | 45.6% |
Note: $ Chg per $100,000 assessment is the estimated change in property taxes per $100,000 based on 2023 assessments, adjusted by the average increase in assessments for the property class or segment in 2024. For example, a residential single-family property that was $100,000 in 2023 is projected to have an assessed value of $99,973 in 2024, based on the total percentage change for that property class/segment. The projected dollar change in taxes shown above ($ Chg) includes the effect of the assessed value increase AND the impact of the applicable scenario.
Page 76–81
Schedule 6 Sample property comparatives
Sample property comparatives
| Property sample | Folio | Property Class | 2023 Tax Rate | 2023 Assessment | 2023 Taxes | 2024 Assessment | 2024 Assess % change | Scenario A $ Increase (Decrease) | Scenario A % Change | Scenario B $ Increase (Decrease) | Scenario B % Change | Scenario C $ Increase (Decrease) | Scenario C % Change | Scenario D $ Increase (Decrease) | Scenario D % Change |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Class Representative-Single Family | n/a | 1 | 1.95737 | 1,146,522 | 2,244.17 | 1,148,366 | 0% | 151.72 | 6.76% | 156.28 | 6.96% | 196.77 | 8.77% | 149.14 | 6.65% |
| Class Representative-Strata | n/a | 1 | 1.95737 | 685,148 | 1,341.09 | 690,192 | 1% | 98.89 | 7.37% | 101.63 | 7.58% | 125.97 | 9.39% | 97.34 | 7.26% |
| Class Representative-Total Residential | n/a | 1 | 1.95737 | 1,045,252 | 2,045.94 | 1,060,908 | 1% | 167.48 | 8.19% | 171.69 | 8.39% | 209.10 | 10.22% | 165.09 | 8.07% |
| 115 Conard St | 401 04533.000 | 1 | 1.95737 | 930,000 | 1,820.35 | 877,000 | (6%) | 9.37 | 0.52% | 12.86 | 0.71% | 43.78 | 2.41% | 7.40 | 0.41% |
| 284 Pallisier Ave | 401 04391.000 | 1 | 1.95737 | 911,000 | 1,783.16 | 898,000 | (1%) | 90.38 | 5.07% | 93.94 | 5.27% | 125.61 | 7.04% | 88.36 | 4.96% |
| 525 Prince Robert Dr | 401 06940.000 | 1 | 1.95737 | 1,084,000 | 2,121.79 | 1,063,000 | (2%) | 96.00 | 4.52% | 100.22 | 4.72% | 137.70 | 6.49% | 93.61 | 4.41% |
| 276 Pallisier Ave | 401 04400.000 | 1 | 1.95737 | 1,005,000 | 1,967.16 | 996,000 | (1%) | 110.85 | 5.63% | 114.80 | 5.84% | 149.92 | 7.62% | 108.61 | 5.52% |
| 4-199 Atkins Rd | 401 85929.040 | 1 | 1.95737 | 742,000 | 1,452.37 | 698,000 | (6%) | 3.90 | 0.27% | 6.67 | 0.46% | 31.29 | 2.15% | 2.33 | 0.16% |
| 302 Beaumont Ave | 401 04416.000 | 1 | 1.95737 | 813,000 | 1,591.34 | 1,500,000 | 85% | 1,538.18 | 96.66% | 1,544.14 | 97.03% | 1,597.03 | 100.36% | 1,534.81 | 96.45% |
| 258 Helmcken Rd | 401 04637.101 | 1 | 1.95737 | - | - | 3,610,000 | #DIV/0! | 7,531.72 | #DIV/0! | 7,546.06 | #DIV/0! | 7,673.34 | #DIV/0! | 7,523.60 | #DIV/0! |
| 127 Burnett Rd | 401 06983.000 | 1 | 1.95737 | 10,779,600 | 21,099.67 | 13,639,000 | 27% | 7,356.06 | 34.86% | 7,410.21 | 35.12% | 7,891.12 | 37.40% | 7,325.37 | 34.72% |
| 340 Island Hwy | 401 06992.001 | 1 | 1.95737 | 16,546,000 | 32,386.64 | 19,384,300 | 17% | 8,055.79 | 24.87% | 8,132.75 | 25.11% | 8,816.24 | 27.22% | 8,012.18 | 24.74% |
| 2861 Craigowan Rd | 401 03640.000 | 1 | 1.95737 | 61,368,000 | 120,119.88 | 59,526,000 | (3%) | 4,072.19 | 3.39% | 4,308.51 | 3.59% | 6,407.39 | 5.33% | 3,938.25 | 3.28% |
| 1950 West Park Ln | 401 7035.011 | 1 | 1.95737 | 10,781,000 | 21,102.41 | 7,457,000 | (31%) | (5,544.49) | (26.27%) | (5,514.89) | (26.13%) | (5,251.96) | (24.89%) | (5,561.27) | (26.35%) |
| 33 Helmcken Rd | 401 07674.042 | 1 | 1.95737 | 20,046,000 | 39,237.44 | 18,431,000 | (8%) | (783.92) | (2.00%) | (710.75) | (1.81%) | (60.87) | (0.16%) | (825.39) | (2.10%) |
| 2 Watkiss Way | 401 07674.043 | 1 | 1.95737 | 46,910,000 | 91,820.23 | 47,441,000 | 1% | 7,158.30 | 7.80% | 7,346.64 | 8.00% | 9,019.41 | 9.82% | 7,051.56 | 7.68% |
| 120 Hallowell Rd | 401 03672.012 | 5 | 7.75511 | 3,442,000 | 26,693.09 | 3,874,000 | 13% | 5,329.78 | 19.97% | 2,111.19 | 7.91% | 3,774.49 | 14.14% | 5,295.38 | 19.84% |
| 199 Island Hwy | 401 03801.001 | 5 | 7.75511 | 431,000 | 3,342.45 | 431,000 | 0% | 220.24 | 6.59% | (137.85) | (4.12%) | 47.20 | 1.41% | 216.41 | 6.47% |
| Class Representative | n/a | 6 | 8.42023 | 2,812,366 | 23,680.77 | 2,826,149 | 0% | 1,684.03 | 7.11% | 1,839.92 | 7.77% | 348.00 | 1.47% | 1,656.78 | 7.00% |
| 1 Adams Pl | 401 07018.000 | 6 | 8.42023 | 14,055,000 | 118,346.33 | 14,532,000 | 3% | 12,078.95 | 10.21% | 12,880.53 | 10.88% | 5,209.09 | 4.40% | 11,938.86 | 10.09% |
| 1495 Admirals Rd | 401 03672.100 | 6 | 8.42023 | 40,054,000 | 337,263.89 | 41,481,000 | 4% | 35,029.74 | 10.39% | 37,317.83 | 11.06% | 15,420.01 | 4.57% | 34,629.86 | 10.27% |
| 258 Helmcken Rd | 401 04637.101 | 6 | 8.42023 | 2,024,000 | 17,042.55 | 172,000 | (92%) | (15,498.84) | (90.94%) | (15,489.35) | (90.89%) | (15,580.15) | (91.42%) | (15,500.50) | (90.95%) |
| 127 Burnett Rd | 401 06983.000 | 6 | 8.42023 | 1,047,000 | 8,815.98 | 1,318,000 | 26% | 3,013.12 | 34.18% | 3,085.82 | 35.00% | 2,390.05 | 27.11% | 3,000.42 | 34.03% |
| 120 Hallowell Rd | 401 03672.012 | 6 | 8.42023 | 11,527,000 | 97,059.99 | 11,501,000 | (0%) | 6,161.94 | 6.35% | 6,796.34 | 7.00% | 724.96 | 0.75% | 6,051.07 | 6.23% |
| 33 Helmcken Rd | 401 07674.042 | 6 | 8.42023 | 81,776,000 | 688,572.73 | 76,374,000 | (7%) | (3,113.02) | (0.45%) | 1,099.77 | 0.16% | (39,218.07) | (5.70%) | (3,849.27) | (0.56%) |
| 199 Island Hwy | 401 03801.001 | 6 | 8.42023 | 3,938,300 | 33,161.39 | 3,898,400 | (1%) | 1,826.90 | 5.51% | 2,041.94 | 6.16% | (16.03) | (0.05%) | 1,789.32 | 5.40% |
| 472 Island Hwy | 401 04729.010 | 6 | 8.42023 | 2,444,700 | 20,584.94 | 2,812,200 | 15% | 4,654.67 | 22.61% | 4,809.79 | 23.37% | 3,325.23 | 16.15% | 4,627.56 | 22.48% |
| 498 Island Hwy | 401 04729.032 | 6 | 8.42023 | 4,656,900 | 39,212.17 | 4,551,400 | (2%) | 1,636.83 | 4.17% | 1,887.88 | 4.81% | (514.80) | (1.31%) | 1,592.95 | 4.06% |
| 1621 Island Hwy | 401 07066.000 | 6 | 8.42023 | 22,783,000 | 191,838.10 | 23,496,000 | 3% | 19,039.44 | 9.92% | 20,335.48 | 10.60% | 7,931.94 | 4.13% | 18,812.94 | 9.81% |
| 1660 Island Hwy | 401 07072.000 | 6 | 8.42023 | 6,385,800 | 53,769.90 | 5,313,000 | (17%) | (6,085.52) | (11.32%) | (5,792.45) | (10.77%) | (8,597.18) | (15.99%) | (6,136.73) | (11.41%) |
| 1652 Island Hwy | 401 07075.100 | 6 | 8.42023 | 11,747,000 | 98,912.44 | 12,625,000 | 7% | 14,397.44 | 14.56% | 15,093.83 | 15.26% | 8,429.10 | 8.52% | 14,275.73 | 14.43% |
| 1708 Island Hwy | 401 07071.010 | 6 | 8.42023 | 20,842,000 | 175,494.43 | 20,819,000 | (0%) | 11,356.92 | 6.47% | 12,505.30 | 7.13% | 1,514.95 | 0.86% | 11,156.23 | 6.36% |
| 127 Burnett Rd | 401 06983.000 | 8 | 11.74424 | 9,619,000 | 112,967.84 | 12,185,000 | 27% | 39,564.84 | 35.02% | 7,834.12 | 6.93% | 42,432.94 | 37.56% | 52,098.45 | 46.12% |
Scenarios Reference:
- Scenario A: Change all tax rates by same percentage; no change to tax ratios from prior year
- Scenario B: Increase each property class's contribution (total $) by the same percentage (6.57%)
- Scenario C: Decrease Classes 5 and 6 tax ratios to 3.7 and 4.0 respectively; no change to other tax ratios from prior year
- Scenario D: Increase Class 8 ratio only; no change to other tax ratios from prior year
Page 76–81
Extracted from: 2024 04 09 Committee of the Whole Agenda - Agenda - Pdf