COUNCIL REPORT: BYLAW NO 888, 2014 BEING A TAX RATES BYLAW
Staff report introducing the annual bylaw to set property tax rates for various local government purposes.
TOWN OF VIEW ROYAL Council Report
TO: Council
DATE: May 1, 2014
FROM: J. Beauchamp, Director of Finance
MEETING: May 6, 2014
BYLAW NO 888, 2014 BEING A TAX RATES BYLAW
RECOMMENDATION:
THAT the Town of View Royal Tax Rates Bylaw No. 888, 2014 be given first, second and third readings.
CHIEF ADMINISTRATIVE OFFICER'S COMMENTS:
I concur with the recommendation.
BACKGROUND:
Section 197 of the Community Charter stipulates that a municipality must have a taxes rate bylaw that is adopted after the financial plan bylaw. The deadline for adoption is May 14 each year.
The average single family home will see an increase of 5.16% to $1,439 over the prior year (2013-$1,368). The residential class as a whole and all other classes will see an increase of 4.54%, of which 2.53% relates to the cost for the new Public Safety Building.
RECOMMENDATION:
THAT the Town of View Royal Tax Rates Bylaw No. 888, 2014 be given first, second and third readings.
SUBMITTED BY: J. Beauchamp, Director of Finance
REVIEWED BY: K. Anema, Chief Administrative Officer
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