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Council Meeting/Documents/Statistical Information (Unaudited) - Property Assessments and Tax Rates
Appendix

Statistical Information (Unaudited) - Property Assessments and Tax Rates

July 15, 2014Pages 160–1634 sections

Five-year historical data on property assessments, municipal tax rates, and top corporate taxpayers.

1 CALL TO ORDER
Top Corporate Taxpayer: Admirals Walk Properties Ltd Inc ($199,560)Total 2013 General Municipal Taxes Levied: $5,732,632

Statistical Information (Unaudited)

Taxable Assessments of Land and Improvements - Final Roll Totals

2009 2010 2011 2012 2013
Residential 1,519,410,702 1,571,493,502 1,669,838,002 1,703,860,702 1,688,392,103
Utilities 317,800 369,400 371,900 379,500 376,200
Light Industry - - - - 2,074,000
Business 134,034,700 153,955,300 138,540,900 154,482,400 155,824,400
Rec/Non Profit 5,938,000 6,450,000 6,450,000 6,529,000 6,526,000
Farm 71,790 72,629 71,218 71,218 71,218
Total 1,659,772,992 1,732,340,831 1,815,272,020 1,865,322,820 1,853,263,921

Property Tax Rates - Municipal ($ per $1,000 assessment)

2009 2010 2011 2012 2013
Residential 2.16151 2.25290 2.24943 2.35161 2.52342
Utilities 28.61845 29.82845 29.78246 30.23178 31.70102
Light Industry - - - - 8.81447
Business 8.64606 8.48263 8.81214 8.55460 8.81447
Rec/Non Profit 8.64606 8.48263 8.81214 8.49933 8.83896
Farm 18.05945 18.82301 18.79399 19.46739 20.23598

Municipal Property Tax Billings by Property Class

2009 2010 2011 2012 2013
Residential $ 3,284,221 $ 3,540,417 $ 3,756,184 $ 4,006,816 $ 4,260,522
Utilities 9,095 11,019 11,076 11,473 11,926
Light Industry - - - - 18,281
Business * 1,158,872 1,329,672 1,220,842 1,321,535 1,373,509
Rec/Non Profit 51,340 54,713 56,838 55,492 57,683
Farm 1,296 1,367 1,338 1,386 1,441
Total $ 4,504,825 $ 4,937,188 $ 5,046,278 $ 5,396,702 $ 5,723,362

* includes a Risk to Roll adjustment of ($34,584) for the year 2009 and $23,726 for the year 2010

Page 160–163

Statistical Information (continued)

2013 Assessments by Property Class

3D pie chart of 2013 Assessments by Property Class showing Residential at 91.10%, Business at 8.41%, Rec/Non Profit at 0.35%, Utilities at 0.02%, Farm at 0.11%, and Light Industry at 0.00%.
3D pie chart of 2013 Assessments by Property Class showing Residential at 91.10%, Business at 8.41%, Rec/Non Profit at 0.35%, Utilities at 0.02%, Farm at 0.11%, and Light Industry at 0.00%.

2013 Municipal Property Tax by Property Class

3D pie chart of 2013 Municipal Property Tax by Property Class showing Residential at 74.44%, Business at 24.00%, Rec/Non Profit at 1.01%, Light Industry at 0.32%, Utilities at 0.21%, and Farm at 0.03%.
3D pie chart of 2013 Municipal Property Tax by Property Class showing Residential at 74.44%, Business at 24.00%, Rec/Non Profit at 1.01%, Light Industry at 0.32%, Utilities at 0.21%, and Farm at 0.03%.
Page 160–163

Statistical Information (continued)

Long Term Debt and Capital Lease Obligations (Unaudited)

2013 2012 2011 2010 2009
Long-term debt
General $ 2,195,904 $ 2,536,117 $ 804,937 $ 615,382 $ 804,937
Consolidated entity debt 23,796 36,076 63,098 86,100 -
2,219,700 2,572,193 868,035 701,482 804,937
Capital lease obligation
General - protective services - - - - 35,841
Total Long Term Debt and Capital Lease Obligations 2,219,700 2,572,193 868,035 701,482 840,778
Population (BC Stats Estimates 2009 to 2013) 10,858 9,838 9,838 9,743 9,596
Debt per capita $ 204 $ 261 $ 88 $ 72 $ 88
Page 160–163

Statistical Information (continued)

Principal Corporate Taxpayers (Unaudited)

Registered Owner Primary Property Total 2013 General Municipal Taxes Levied
Admirals Walk Properties Ltd Inc Admirals Walk $199,560
Great Canadian Casinos Inc View Royal Casino 160,723
Canadian Tire Real Estate Ltd Canadian Tire 117,902
Natural Properties Ltd Reliable Controls 86,399
West Shore U-Lock Mini Storage Ltd U-Lock Mini Storage 78,255
Goodwill Investments Ltd Fort Victoria 75,353
Adams Storage Ltd Adams Storage 71,697
Boardwalk Equities (BC) Inc Spruce Apartments 63,414
0848052 BC Ltd Thetis Cove 60,329
Mojack Holdings Ltd Jenner Chevrolet 58,669
Total Tax Contributions from Top 10 Corporate Taxpayers $972,301
Total General Municipal Tax $5,732,632
Proportion of municipal tax paid by top ten 17.0%
Page 160–163
Extracted from: 2014 07 15 Council Agenda