Property Taxation - Provincial Class Multiples for 2007 and Municipal Taxation Rate Cap for Class 2 Property for 2007
Circular No. 07:08
|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|3.||Unmanaged Forest Land||class repealed|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 subsequent years
Extract from B.C. Regulation 329/96:
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.
Original signed by:
Julia Duff, C.A.
Local Government Infrastructure and Finance