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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.

  1. May 8, 2023 – May 11, 2023

    2023 property tax rates

    The bylaw sets 2023 property tax rates for municipal, regional district and regional hospital purposes across property classes, with a $1 minimum tax per parcel. The rates determine the property taxes levied for the year.

Timeline

Every time this matter appeared in council records, newest first.

  1. May 1, 2023· Council

    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