Appendix
Schedule 1 - Comparative Tax Ratios-Business Class
April 12, 2022Page 1441 section
A regional comparison showing View Royal's business tax ratio relative to other Capital Regional District (CRD) municipalities.
View Royal's 2021 business tax ratio was 3.69Regional median ratio is 3.40View Royal ranks 6th highest out of 13 municipalities
Schedule 1 Comparative Tax Ratios-Business Class
Source: Province of British Columbia Local Government Statistics, Municipal Tax Rates & Tax Burden
Project: 2022 Tax Rate Options
Business Tax Ratios by Municipality and Year
| Municipality | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|
| Central Saanich | 2.15 | 2.11 | 1.93 | 2.02 |
| Colwood | 4.39 | 4.51 | 3.93 | 4.17 |
| Esquimalt | 3.05 | 2.90 | 2.63 | |
| Highlands | 4.30 | 4.40 | 4.40 | 4.40 |
| Langford | 2.85 | 2.80 | 2.75 | |
| Metchosin | 4.50 | 4.57 | 4.06 | 4.50 |
| North Saanich | 6.03 | 5.77 | 5.29 | 5.64 |
| Oak Bay | 2.42 | 2.25 | 2.62 | |
| Saanich | 4.26 | 4.14 | 3.97 | 4.23 |
| Sidney | 2.91 | 2.45 | 2.53 | |
| Sooke | 2.69 | 2.82 | 3.16 | |
| Victoria | 3.53 | 3.48 | 3.33 | 3.33 |
| View Royal | 3.60 | 3.55 | 3.55 | 3.69 |
2021 Business Tax Ratios by Municipality
| Municipality | 2021 Ratio |
|---|---|
| North Saanich | 5.6 |
| Metchosin | 4.5 |
| Highlands | 4.4 |
| Saanich | 4.2 |
| Colwood | 4.2 |
| View Royal | 3.7 |
| Victoria | 3.3 |
| Sooke | 3.2 |
| Langford | 2.8 |
| Esquimalt | 2.6 |
| Oak Bay | 2.6 |
| Sidney | 2.5 |
| Central Saanich | 2.0 |
Page 144
Extracted from: 2022 04 12 Committee of the Whole Agenda - Agenda - Pdf