Council Report: 2013 PROPERTY TAX RATES
A report presenting the 2013 property tax rates, including a 4.19% increase to the average single family residential home.
TOWN OF VIEW ROYAL COUNCIL REPORT
TO: Council DATE: April 25, 2013 FROM: Jeannie Beauchamp, Director of Finance MEETING DATE: April 30, 2013
2013 PROPERTY TAX RATES
RECOMMENDATION:
THAT Council receive the April 25, 2013 2013 Property Tax Rates report for information.
CHIEF ADMINISTRATIVE OFFICER’S COMMENTS:
I concur with the recommendation.
PURPOSE OF REPORT:
To present Council with information regarding Tax Rates Bylaw 863, 2013.
BACKGROUND DISCUSSION:
The 2013-2017 Financial Plan has been established. After non-market adjustments, property taxes increase $218,251 in 2013 or 4.19% to the average single family residential home.
The 2013 Financial Plan includes an increase for the new Public Safety Building equal to a 1.5% tax increase in addition to a 1.5% tax increase as a result of shifting a portion of the funding for the Greater Victoria Public Library from Casino funds to property taxation.
RECOMMENDATION:
THAT Council receive the April 25, 2013 2013 Property Tax Rates report for information.
SUBMITTED BY:
J. Beauchamp, Director of Finance
REVIEWED BY:
K. Anema, Chief Administrative Officer
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