Slicing up the property tax pie

Revelstoke City Hall often takes the heat for the tax bill, but did you know about 44 per cent of the total doesn't go to them?

Where do your taxes go? Every year, all the attention centres on the city tax rates and how much they’ve gone up. However, the city rates are only a portion of property tax bill. The city also collects library taxes, school taxes, hospital taxes, regional district taxes and funds for the Municipal Finance Authority and BC Assessment Authority.

In 2012, the city portion of your property taxes made up about 56 per cent of your total tax bill. The next biggest chunk is school taxes, which make up 32 per cent of the bill. However, the city portion of the tax bill has been steadily increasing, from 52 per cent in 2008 to 56 per cent last year.

Note that these numbers are based on the mill rate and not actual tax dollars, which depends on property value. They also don’t include sewer and water rates.

For businesses, city taxes made up 68 per cent of the tax bill in 2012, with 24 per cent going towards schools, and the rest divided up fairly evenly amongst other targets. The mill rates has decrease slightly since 2008, but the portion going to the city has stayed about the same.

Major industry, which is just Downie Timber, has seen its mill rate decrease by more than 40 per cent from 2008 to 2012. 71 per cent of Downie’s property tax bill goes to the province, 19 per cent to the city and the rest to the library, hospitals and regional district.

Light industry has seen its mill rate decrease slightly over the past five years. 72 per cent of its tax bill goes to the city and 19 per cent to the schools – numbers that are mostly unchanged in the past five years.

 

Just Posted

Glimpses of Revelstoke’s past for June 16

Items from Revelstoke newspapers, as gleaned and edited by Cathy English, curator… Continue reading

International bike race comes to Revelstoke

More than 250 riders took part last weekend

Council approves second hotel at Revelstoke Mountain Resort

Revelstoke City Council has approved the development permit for a second hotel… Continue reading

Liam’s lowdown: Where is Revelstoke heading?

There is almost every kind of drive-through. From banking and booze to… Continue reading

Former CAO of Revelstoke hired by Osoyoos

Allan Chabot resigned earlier this month after serving as CAO from 2015

VIDEO: ‘Avengers: Endgame’ to be re-released with new footage

‘Avatar’ holds global box office record at $2.788 billion, while ‘Endgame’ stands at $2.743 billion…

Victoria double murder trial: Blood splatter analyst found no shoe prints on scene

RCMP analyst testifies to smears, fingermarks, ‘swipe and wipe’ patterns around apartment

B.C. teen killed by falling tree near Victoria

Second youth also injured in freak incident during field trip at Camp Barnard near Sooke

South Okanagan mountain resort sees lengthy snowfall

Snow stayed on the ground for four, says resort manager

Elias Pettersson wins Calder Trophy as NHL’s top rookie

Vancouver forward first Canuck to win award since Pavel Bure in 1992

FVRD chair calls B.C. incineration plan for Philippines waste ‘disturbing’

Metro Vancouver ‘uniquely capable’ of safely disposing of waste coming back to Canada, say officials

VIDEO: Acknowledging skeptics, finance minister vows to build Trans Mountain project

Bill Morneau said he recognizes ‘huge amount of anxiety’ in Calgary over future of oil and gas sector

Channel your inner pirate in epic Canada-wide treasure hunt

200 treasure chests hidden among trails and waterways, lots of prizes to be claimed

Shovels could be in the ground on Trans Mountain by September, CEO says

Ian Anderson points to weeks likely required for NEB to reinstate 2016 regulatory record

Most Read