2024 Tax Rates Schedule 2 Summary of impact on prior year $100,000 property value

Summary of impact on prior year $100,000 property value, adjusted for current year market change

Scenario D Increase Class 8 ratio only; no change to other tax ratios from prior year

Changing Tax Ratios (shown in red text)	Prior Year	Scenario D
Utilities	20.4356	19.1929
Light industry	3.9620	3.9620
Business	4.3018	4.3018
Rec/Non profit	6.0000	6.5000
Farm	11.5800	11.5800

Resulting Tax Rates	Class	Prior Year	Scenario D
Residential	1	1.95737	2.08410
Light industry	5	7.75511	8.25722
Business and other	6	8.42023	8.96540
Rec/Non profit	8	11.74424	13.54668
Farm	9	22.66639	24.13393

Resulting Taxes:	Prior year taxes on $100,000 property	Prior year $100,000 property adjusted for 2024 market	Market % Chg	$ Chg	% Chg
Residential Single Family	196	99,973	0%	13	6.4%
Residential Strata	196	99,111	-1%	11	5.5%
Total Residential	196	99,790	0%	12	6.3%
Light industry	776	111,154	11%	142	18.4%
Business and other	842	99,369	-1%	49	5.8%
Rec/Non profit	1,174	126,240	26%	536	45.6%

Note: $ Chg per $100,000 assessment is the estimated change in property taxes per $100,000 based on 2023 assessments, adjusted by the average increase in assessments for the property class or segment in 2024. For example, a residential single-family property that was $100,000 in 2023 is projected to have an assessed value of $99,973 in 2024, based on the total percentage change for that property class/segment. The projected dollar change in taxes shown above ($ Chg) includes the effect of the assessed value increase AND the impact of the applicable scenario.