Property Taxation - Provincial Class Multiples for 2006
|Property Class||Class Multiple|
|3||Unmanaged Forest Land||class repealed|
|6||Business and Other||2.45:1|
|7||Managed Forest Land||3.00:1|
The foregoing multiples are also to be used in setting tax rates for regional hospital district purposes (B.C. Reg. 406/82).
2. Municipal Taxation Rate Cap for Class 2 Property for 2000 and
Extract from B.C. Regulation 329/96:
In setting the tax or levy rate for class 2 property for general municipal purposes, a municipality must not exceed the greater of
For those municipalities specifically listed in the schedules to the
regulation (copy of Schedule 4 applicable to 2000 and subsequent
years is attached), the maximum tax rate is different - the tax rate
is not to exceed the greater of the rate cap (column 1) or the value
calculated as the product of the ratio cap (column 2) times the rate
set for class 6 property.
Julia Duff, C.A.
Local Government Infrastructure and Finance
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