Property Taxation - Provincial Class Multiples for 2016
and Municipal Taxation Rate Cap for Class 2 Property for 2016
|Property Class||Class Multiple|
|6||Business and Other||2.45:1|
|7||Managed Forest Land||3.0:1|
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:
"2. In setting the tax or levy rate for class 2 property for general municipal purposes, a municipality must not exceed the greater of:
Note that the term "general municipal revenue" is defined in the regulation.
For those municipalities specifically listed in the schedule to the regulation (copy of Schedule 4 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) multiplied by the rate set for class 6 property.
Director, Local Government Finance
Attachment (.PDF, 61KB)