Other
Statistical Information (Unaudited)
July 2, 2024Pages 110–1123 sections
Comparative data from 2019-2023 regarding taxable assessments, tax rates, and a list of the principal corporate taxpayers in the Town.
2023 Total Taxable Assessment: $4,440,770,518Largest Taxpayer: Eagle Creek Village Property Ltd. ($727,810 municipal tax)Top 10 corporate taxpayers account for 20.20% of total municipal tax
Town of View Royal Statistical Information (Unaudited)
Taxable Assessments of Land and Improvements - Final Roll Totals
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Residential | 2,683,922,503 | 2,787,480,303 | 2,877,331,703 | 3,614,786,203 | 4,077,527,703 |
| Utilities | 333,700 | 378,000 | 431,800 | 726,800 | 804,500 |
| Light Industry | 3,632,000 | 3,836,000 | 3,697,100 | 3,863,000 | 3,873,000 |
| Business | 317,028,800 | 316,643,200 | 296,649,300 | 312,797,400 | 348,733,400 |
| Rec/Non Profit | 5,632,000 | 8,535,400 | 8,939,600 | 7,034,000 | 9,775,000 |
| Farm | 60,496 | 43,205 | 55,708 | 56,910 | 56,915 |
| Total | 3,010,609,499 | 3,116,916,108 | 3,187,105,211 | 3,939,264,313 | 4,440,770,518 |
Property Tax Rates - Municipal ($ per $1,000 assessment)
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Residential | 2.26725 | 2.27610 | 2.33334 | 1.98712 | 1.95737 |
| Utilities | 40.00000 | 40.00000 | 40.00000 | 40.00000 | 40.00000 |
| Light Industry | 7.56922 | 7.59875 | 7.78987 | 7.87298 | 7.75511 |
| Business | 8.04875 | 8.08015 | 8.61774 | 8.54820 | 8.42023 |
| Rec/Non Profit | 10.71617 | 10.75798 | 11.90005 | 11.92273 | 11.74424 |
| Farm | 20.93015 | 21.01180 | 21.54026 | 23.01088 | 22.66639 |
Municipal Property Tax Billings by Property Class
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Residential | 6,085,122 | 6,344,050 | 6,713,792 | 7,183,013 | 7,985,339 |
| Utilities | 13,347 | 15,120 | 17,272 | 29,072 | 32,180 |
| Light Industry | 27,490 | 29,149 | 28,800 | 30,413 | 30,036 |
| Business | 2,551,685 | 2,558,525 | 2,556,447 | 2,680,626 | 2,929,644 |
| Rec/Non Profit | 60,352 | 82,335 | 106,382 | 83,864 | 114,800 |
| Farm | 1,266 | 908 | 1,200 | 1,310 | 1,290 |
| Total | $ 8,739,262 | $ 9,030,087 | $ 9,423,893 | $ 10,008,298 | $ 11,093,289¹ |
¹ Supplementary assessment billings are attributed to the fiscal year in which they were paid, rather than the assessment roll year.
Page 110–112
Town of View Royal Statistical Information (Unaudited) (continued)
2023 Assessments by Property Class
2023 Municipal Property Tax by Property Class
Page 110–112
Town of View Royal Statistical Information (Unaudited)
Principal Corporate Taxpayers
| Registered Owner | Primary Property | Total 2023 General Municipal Taxes Levied |
|---|---|---|
| Eagle Creek Village Property Ltd. | Eagle Creek Village | $ 727,810 |
| Pioneer Square Holdings Ltd. | Admirals Walk | 337,264 |
| Goodwill Investments Ltd. | Fort Victoria | 210,814 |
| West Shore U-Lock Mini Storage Ltd. | U-Lock Mini Storage | 191,838 |
| Great Canadian Casinos Inc. | Elements Casino | 175,494 |
| Canadian Tire Real Estate Ltd. | Canadian Tire | 131,398 |
| Christie Point Apartments Ltd. | Christie Point Apartments | 124,228 |
| Natural Properties Ltd. | Reliable Controls | 123,753 |
| Adams Storage Village Ltd. | Adams Storage | 118,855 |
| 599510 BC Ltd. | Ashley Furniture | 98,912 |
| Total Tax Contributions from Top 10 Corporate Taxpayers | $ 2,240,366 | |
| Total General Municipal Tax | $ 11,093,289 | |
| Proportion of municipal tax paid by top ten corporate taxpayers | 20.20% |
Page 110–112
Extracted from: 2024 07 02 Council Agenda - Agenda - Pdf