Appendix
Schedule C: 2018 Tax rate analysis - Sample property comparatives
April 10, 2018Page 211 section
Specific impact analysis of various tax scenarios on representative residential and commercial sample properties.
Analyzes properties at 1256 Burnside Rd W, 120 Hallowell Rd, and 1708 Island Hwy
Town of View Royal - 2018 Tax Rate Analysis
Schedule C - Sample Property Comparatives
Scenario Descriptions:
- Scenario A: Even increase across tax classes; no change to tax ratios
- Scenario B: Class 8 rate equal to 2017
- Scenario C: Decrease Class 5 and Class 6 ratios to 3.1 and 3.3 respectively
- Scenario D: Increase Class 8 ratio by 10%
- Scenario E: Scenarios C and D combined (Class 8 increase 10% and Classes 5 and 6 reduced to 3.1 and 3.3 respectively)
- Scenario F: Decrease Class 6 ratio to 3.3
| Property sample | Folio | Property Class | 2017 Tax Rate | 2017 Assessment | 2017 Taxes | 2018 Assessment | 2018 Assessment % 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 | Scenario E $ Increase (Decrease) | Scenario E % Change | Scenario F $ Increase (Decrease) | Scenario F % Change |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Class Representative (Single Family) | n/a | 1 | 2.60290 | 639,940 | 1,665.70 | 691,861 | 8% | (16.55) | (0.99%) | (17.52) | (1.05%) | 25.92 | 1.56% | (17.61) | (1.06%) | 24.81 | 1.49% | 25.52 | 1.53% |
| Class Representative (Strata) | n/a | 1 | 2.60290 | 371,270 | 966.38 | 436,487 | 18% | 74.05 | 7.66% | 73.44 | 7.60% | 100.84 | 10.43% | 73.38 | 7.59% | 100.14 | 10.36% | 100.59 | 10.41% |
| 1256 Burnside Rd W | 401 07644.000 | 1 | 2.60290 | 822,000 | 2,139.58 | 939,000 | 14% | 98.65 | 4.61% | 97.33 | 4.55% | 156.29 | 7.30% | 97.22 | 4.54% | 154.79 | 7.23% | 155.75 | 7.28% |
| 284 Pallisier Ave | 401 04391.000 | 1 | 2.60290 | 495,000 | 1,288.44 | 549,000 | 11% | 20.18 | 1.57% | 19.41 | 1.51% | 53.88 | 4.18% | 19.35 | 1.50% | 53.00 | 4.11% | 53.56 | 4.16% |
| 525 Prince Robert Dr | 401 06940.000 | 1 | 2.60290 | 589,000 | 1,533.11 | 661,000 | 12% | 42.48 | 2.77% | 41.55 | 2.71% | 83.05 | 5.42% | 41.47 | 2.70% | 81.99 | 5.35% | 82.67 | 5.39% |
| 340 Island Hwy | 401 06992.001 | 1 | 2.60290 | 7,007,000 | 18,238.52 | 6,553,000 | (6%) | (2,618.54) | (14.36%) | (2,627.73) | (14.41%) | (2,216.30) | (12.15%) | (2,628.52) | (14.41%) | (2,226.79) | (12.21%) | (2,220.08) | (12.17%) |
| 120 Hallowell Rd | 401 03672.012 | 5 | 8.68979 | 2,518,000 | 21,880.89 | 2,841,000 | 13% | 727.15 | 3.32% | 713.84 | 3.26% | (347.34) | (1.59%) | 712.71 | 3.26% | (361.45) | (1.65%) | 1,303.87 | 5.96% |
| Class Representative | n/a | 6 | 9.37044 | 2,039,980 | 19,115.51 | 2,245,863 | 10% | 156.46 | 0.82% | 145.11 | 0.76% | (994.61) | (5.20%) | 144.15 | 0.75% | (1,006.48) | (5.27%) | (998.89) | (5.23%) |
| 1680 Island Hwy (2017) 1708 Island Hwy (2017/2018) | 401 07071.002 401 07170.085 401 07071.010 | 6 | 9.37044 | 17,211,000 | 161,274.64 | 21,514,000 | 25% | 23,339.07 | 14.47% | 23,230.41 | 14.40% | 12,312.58 | 7.63% | 23,221.14 | 14.40% | 12,198.84 | 7.56% | 12,271.55 | 7.61% |
| 127 Burnett Rd | 401 06983.000 | 8 | 9.78691 | 4,812,000 | 47,094.61 | 5,609,000 | 17% | 3,175.93 | 6.74% | 7,823.03 | 16.61% | 4,470.50 | 9.49% | 8,221.11 | 17.46% | 9,644.66 | 20.48% | 4,458.31 | 9.47% |
| 94 Talcott (2017 PILT Class 6) (2018 taxable Class 1) | 401 07004.010 | 6 (2017) 1 (2018) | 9.37044 | 16,264,000 | 152,400.84 PILT | 15,038,000 | (8%) | (116,555.69) | (76.48%) | (116,576.79) | (76.49%) | (115,632.61) | (75.87%) | (116,578.59) | (76.49%) | (115,656.70) | (75.89%) | (115,641.30) | (75.88%) |
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Extracted from: 2018 04 10 Committee of the Whole Agenda - Agenda - Pdf