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Council Meeting/Documents/2016 Proposed Property Tax Rates and Ratios
Appendix

2016 Proposed Property Tax Rates and Ratios

April 19, 2016Page 482 sections

Comparison of property assessments and proposed tax levies by property class for 2015 and 2016.

Residential assessment (2016): $1,754,169,103Total 2016 levy: $7,095,635

Town of View Royal

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2016 Proposed Property Tax Rates and Ratios

Class name 2015 Assessment 2015 Ratio 2015 Rate 2015 Levy 2016 Assessment 2016 Ratio 2016 Rate 2016 Levy NMC Increase 2016 Levy Increase % Levy Increase
1 Residential 1,705,997,703 1.0000 2.82883 4,825,977 1,754,169,103 1 2.933749 5,146,292 131,817 188,497 3.91%
2 Utility 304,600 14.1401 40.00000 12,184 304,700 14.1625 40 12,188 0 4 0.03%
5 Industrial 2,712,000 3.1359 8.87083 24,058 2,711,000 3.143 9.220773 24,998 0 940 3.91%
6 Business 168,958,950 3.4731 9.82487 1,660,000 186,568,350 3.3765 9.905803 1,848,109 123,304 64,805 3.90%
8 Recreational/Non profit 6,222,000 3.4248 9.68820 60,280 6,401,000 3.3351 9.784346 62,630 0 2,350 3.90%
9 Farm 60,496 7.9800 22.57408 1,366 60,496 7.995 23.45532 1,419 0 53 3.90%
TOTAL 1,884,255,749 6,583,865 1,950,214,649 7,095,635 255,121 256,649 3.90%
2016 assessment data, ratios, and levy increase calculations
2016 assessment data, ratios, and levy increase calculations

Property Tax Increases

2015 2016 Increase ($)
1,409 1,474 65
870 938 67
12,029 12,499 470
12,969 14,001 1,032
648 666 18
105 109 4
Detail of 2015-2016 assessment comparisons and the Property Tax Increases table
Detail of 2015-2016 assessment comparisons and the Property Tax Increases table
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Document Images

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Document image
Extracted from: 2016 04 19 Council Agenda - Pdf