MattersFinanceFirst seen May 1, 2023
2023 property tax rates
Staff were directed to adjust tax-rate multiples so the 2023 tax increase would be spread more evenly across property classes. The rates determine how municipal property taxes are divided among residential, business and other properties.
Where it stands: Staff directed to adjust tax-rate multiples and prepare the tax rates bylaw May 1, 2023; no later step is recorded.
Background
Earlier and later steps of the same initiative.
Timeline
Every time this matter appeared in council records, newest first.
Staff directed to distribute the tax increase more evenly
Council directed staff to adjust property tax multiples to evenly spread the 2023 tax increase across property classes and to prepare the Tax Rates Bylaw.
Decision: Directed staff to adjust property tax multiples and prepare the 2023 Tax Rates Bylaw.
Passed 7–0