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

Revelstoke council to hear first proposed cannabis store application

Starbuds would be located at 109 Connaught Ave.

Revelstoke father and daughter venture abroad to teach English

Columbia is trying to increase the number of English speakers

Cost of propane decreasing for FortisBC customers in Revelstoke

Propane will decrease to its lowest rate in two years

Winter logging planned near Revelstoke due to fir beetle

Woodlot 1834 is harvesting near Flowdown trail in Mt. McPherson area

It’s the last day to vote in B.C.’s referendum on electoral reform

Ballots must now be dropped off in person to meet the deadline of 4:30 p.m.

VIDEO: This B.C. school leads country in vaccine donations to UNICEF

Federally funded Kids Boost Immunity uses quizzes to earn vaccinations

Boeser scores 3, Pettersson has 5 points as Canucks hammer Blues

Vancouver picks up impressive 6-1 win in St. Louis

Cold case files: Murdered woman still unidentified after 44 years

Penticton RCMP releasing info on historical missing person and found human remains investigations

Okanagan Valley to see snow tonight

Environment Canada is calling for two-to-four centimetres of snow from Penticton to Salmon Arm

B.C. police stop drunk driver who offered up burger instead of ID

Roadblock checks over the weekend found at least two other impaired drivers

Being vegan during the holidays just got a little bit better

Cook up these delicious options during the holidays

In Canada, the term ‘nationalism’ doesn’t seem to have a bad rap. Here’s why

Data suggest that Canadians don’t see the concept of nationalism the way people do in the United States

Update: Sicamous and Tumbler Ridge neck and neck in the Sled Town Showdown

Both communities in the final round have amassed over 10,000 votes

Small quake recorded west of Vancouver Island

No injuries or tsunami warning after 5.4 rumble felt some 400 kilometres from Victoria

Most Read