Appendix
Schedule 1 Comparative Tax Ratios-Business Class 6
April 11, 2023Page 881 section
Visual comparison of business property tax ratios across various municipalities in the Capital Regional District from 2018 to 2022.
View Royal 2022 Business Tax Ratio: 4.30North Saanich has the highest ratio at 6.9
Schedule 1 Comparative Tax Ratios-Business Class 6
Source: Province of British Columbia Local Government Statistics, Municipal Tax Rates & Tax Burden 2023 Tax Rate Options
- 5-year median Class 6 ratio: 3.53
- Provincial Class 6 ratio: 2.45
Business Tax Ratios by Municipality and Year
| Municipality | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Central Saanich | 2.15 | 2.11 | 1.93 | 2.02 | 2.26 |
| Colwood | 4.39 | 4.51 | 3.93 | 4.17 | 4.75 |
| Esquimalt | 3.21 | 3.05 | 2.90 | 2.63 | 2.83 |
| Highlands | 4.30 | 4.40 | 4.40 | 4.40 | 5.11 |
| Langford | 2.90 | 2.85 | 2.80 | 2.75 | 2.70 |
| Metchosin | 4.50 | 4.57 | 4.06 | 4.50 | 5.05 |
| North Saanich | 6.03 | 5.77 | 5.29 | 5.64 | 6.85 |
| Oak Bay | 2.54 | 2.42 | 2.25 | 2.62 | 2.95 |
| Saanich | 4.26 | 4.14 | 3.97 | 4.23 | 4.80 |
| Sidney | 2.85 | 2.91 | 2.45 | 2.53 | 2.74 |
| Sooke | 2.74 | 2.69 | 2.82 | 3.16 | 3.95 |
| Victoria | 3.53 | 3.48 | 3.33 | 3.33 | 3.65 |
| View Royal | 3.60 | 3.55 | 3.55 | 3.69 | 4.30 |
2022 Business Tax Ratios by Municipality
| Municipality | 2022 Ratio |
|---|---|
| North Saanich | 6.9 |
| Highlands | 5.1 |
| Metchosin | 5.0 |
| Saanich | 4.8 |
| Colwood | 4.8 |
| View Royal | 4.3 |
| Sooke | 4.0 |
| Victoria | 3.6 |
| Oak Bay | 3.0 |
| Esquimalt | 2.8 |
| Sidney | 2.7 |
| Langford | 2.7 |
| Central Saanich | 2.3 |
Page 88
Extracted from: 2023 04 11 Committee of the Whole Agenda - Agenda - Pdf