City of Grand Forks sets property taxes for 2012

After giving final reading of a property tax bylaw (1932), the City of Grand Forks has established property taxes for 2012.

After giving final reading of a property tax bylaw (1932) at a special meeting yesterday (May 15) the City of Grand Forks has established property taxes for 2012.

Residences will pay a total of $8.9909 per $1,000 of taxable assessed value this year.

Together with amounts to the (MFA) municipal finance authority ($0.0002) and the British Columbia Assessment Authority ($0.0599), $3.5701 per $1,000 of taxable assessed value will go to the city (general municipal), $0.2281 per to the West Kootenay Boundary Regional Hospital District, $0.0087 per to the Kootenay Boundary Regional Hospital District, $2.0826 per $1,000 to the Regional District of Kootenay Boundary (RDKB), $2.7381 per to the school district (SD51), $0.3032 per to the RCMP.

Businesses will pay a total of $22.0106 per $1,000 of taxable assessed value this year.

Of that,  $9.0002 per $1,000 will go the general municipal, $0.5589 to the West Boundary Regional Hospital District, $0.0213 to the Kootenay Boundary Regional Hospital District, $5.1025 to the RDKB, $6.40 to the school district, $0.7429 to the RCMP, together with $0.0005 to the MFA and $0.1843 to B.C. assessment

Utility will pay a total of $61.5413 per $1,000 of taxable assessed value this year, with $37.6499 per $1,000 to the city, $0.7984 and $0.0304 per to the respective West Kootenay Boundary and Kootenay Boundary regional hospital districts, $7.2893 per to the RDKB, $14.20 per to the school district, $1.0613 to the police, with amounts per $1,000 of taxable assessed value to the MFA ($0.0007) and B.C. assessment ($0.5113).

Major industry will pay a total of $53.7237 per $1,000 of taxable assessed value this year while light industry will pay $26.0556 per $1,000.

Of that amount, major industry will contribute $37.8947 per to general municipal and $0.5113 to B.C. assessment and light industry will pay $10.5536 to general municipal and $0.1843 per to B.C. assessment.

Also, $0.7756 and $0.0295 per $1,000 of taxable assessed value will go to the West Kootenay and Kootenay Boundary regional hospital districts respectively from both major and light industry.

$7.0810 per will go to the RDKB from both, $6.40 per to the school district, $1.0309 to the police and together with $0.0007 to the MFA.

Farms will pay a combined $13.6036 per $1,000 in 2012 while recreation and non-profits will $10.0814 per $1,000.

Of that total, $4.0209 from farms and $3.9987 from recreation and non-profits will pay go to the city.

Both will see $0.2281 and $0.0087 going to the West Kootenay Boundary and Kootenay Boundary regional hospital districts respectively, while $2.0826 per $1,000 will go to the RDKB.

From the amount from farms, $6.90 will go to the school district while it will be $3.40 from rec/non-profit.

Both will see $0.3032 to the police, $0.0002 to the MFA and $0.0599 to B.C. assessment.

Council also gave final reading to Bylaw 1933, the Flat Tax Bylaw Amendment yesterday that will see a $10 tax per parcel for parcels without improvement (i.e. empty lots).

Parcels with improvement (i.e. land with buildings) will be charged $40 per parcel and parcels with improvements only (i.e. stratas and apartments) will be charged $30.

The city adopted its five-year financial plan in mid-April and it reflected a tax revenue requirement of $2.7 million.

“The plan is always to keep these reasonable and sustainable while addressing all of (council’s) service and infrastructure needs,” explained Grand Forks’ Chief Financial Officer Cecile Arnott at a council meeting on May 7.

“If you look at it by averages, your total residential is up 3.3 (per cent) but if you look at it, the percentage of assessment is up but the percentage change is down,” she said, speaking of the fact that last year, residents paid $8.69 per $1,000 of assessed value.

Property assessment is done by the BC Assessment Authority based on the market value of properties across the province.

Once the B.C. Assessment Authority assesses property values, a revised assessment roll is given to the city, which it uses to determine the tax rate for each class of property.

Residents will have until Tuesday, July 3 to pay their property taxes