Property taxes likely to increase

Grand Forks residents are likely to see an increase in their property taxes this year. This is separate from a proposed parcel tax.

Grand Forks residents are likely to see an increase in their property taxes this year.

Council voted on the first three readings of the 2016 Property Tax Rates Bylaw 2032, which would see general municipal rates for residential rise from 4.1646 in 2015 to 4.8074 (dollars of tax per $1,000 taxable assessed value), a mill rate increase of 15 per cent.

West Kootenay Boundary Regional Hospital District proposed tax rate is 0.2999, while the RDKB tax rate is 2.1816.

The 2016 Tax Rates Bylaw 2032 was first presented to council at the Committee of the Whole meeting on April 11. Council had three options for distributing the tax burden.

Option 1 used the same conversion ratios as 2015 and resulted in the same total proportion of taxes collected by each rate class. This would have resulted in Major Industry jumping from $43.3948 per $1,000 of assessed value to $48.2727. Option 3 used the same rates as 2015 and resulted in a revenue shortfall for the city.

Council chose to go with Option 2 which set the Major Industry rate to the same as 2015 (43.3948) and used the capped rate of $40 per $1,000 of assessment set by the province for Utilities. This resulted in a resident rate of $4.8074 per $1,000 of assessed value.

Utility remains at 40.0000; Major Industry stays at 43.3948; Light Industry is up from 12.2023 in 2015 to 14.0857 in 2016; Business/other moves up as well from 9.9534 in 2015 to 11.4897 in 2016; Rec/Non-profit is up from 3.3317 (2015) to 3.8459 in 2016; and Farm goes up from 4.4978 (2015) to 5.1920 (2016).

Based on the 2016 BC Assessment Roll (average market value) for a single family residential property, which is $194,000, the typical single family residential property would see a tax increase of $10.39 per month or $0.34 per day. The total municipal tax would be $932 for a single family residential property valued at $194,000. Last year’s BC assessment for a single family residential property was $189,000, which meant property tax of $787.

The background information from the city states that municipal taxation is the largest source of revenue for the city. The municipal property tax rate in Option 2 ensures that the city meets its 2016 revenue requirements in the 2016-2020 financial plan. The 2016 financial plan includes a transfer of $240,000 from the general fund to capital reserves. Capital reserves will be used for infrastructure renewal including a $32 million backlog of capital projects.

 

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Grand Forks RCMP and Grand Forks Fire/Rescue near the scene of a motor vehicle accident Thursday evening, Jan. 21, in the vicinity of Highway 3 near the intersection of Danshin Village Road. Photo: Laurie Tritschler
First responders returning from Highway 3 crash West of Grand Forks

It is not known how many people were involved in the accident

Interior Health reported 91 new COVID-19 cases in the region Jan. 20, 2021 and three additional deaths. (Jennifer Smith - Morning Star)
95 new COVID-19 cases in Interior Health, two deaths

Another member of Vernon’s Noric House has passed

Gem Lake Top, at Big White Ski Resort, seen at Jan. 8. (Big White Ski Resort)
Big White cancels $7.3M in lift tickets, accommodations due to COVID-19 orders

Since November, the ski resort has been forced to make several changes

The bill was discussed at Grand Forks Social Services Advisory Group’s last meeting on Wednesday, Jan. 20. Photo: Laurie Tritschler
Grand Forks City Hall spends around $6,000 on recent Moto clean up

The city’s bill came up for discussion at the Social Services Advisory Group on Wednesday, Jan. 20

Businesses continue to struggle under COVID-19 restrictions as the pandemic reaches the one-year mark. (B.C. government)
Another 564 COVID-19 cases, mass vaccine plan coming Friday

15 more deaths, community cluster declared in Williams Lake

A specialized RCMP team is investigating a suspicious trailer, which might have connections to the illicit drug trade, found abandoned outside a Cache Creek motel. (Photo credit: <em>Journal</em> files)
Police probe U-Haul trailer linked to illicit drugs left outside Cache Creek motel

Hazardous materials found inside believed to be consistent with the production of illicit drugs

Premier John Horgan leaves the podium following his first press conference of the year as he comments on various questions from the media in the Press Gallery at B.C. Legislature in Victoria, B.C., on Monday, January 13, 2020. THE CANADIAN PRESS/Chad Hipolito
Interprovincial travel restrictions a no-go, Horgan says after reviewing legal options

The B.C. NDP government sought legal advice as concerns of travel continue

Gem Lake Top, at Big White Ski Resort, seen at Jan. 8. (Big White Ski Resort)
Big White cancels $7.3M in lift tickets, accommodations due to COVID-19 orders

Since November, the ski resort has been forced to make several changes

Darlene Curylo scratched a $3M ticket, BCLC’s largest ever scratch and win prize. (BCLC)
Kelowna woman in shock after winning BCLC’s largest-ever instant-ticket prize

Darlene Curylo couldn’t believe her eyes when she saw the amount of money she’d won from a scratch ticket

While each person has different reasons for becoming homeless, a UBCO study shows they learn through their interactions with different services to perform ‘as homeless’ based on the expectations of service providers. (Contributed)
Kelowna homeless forced to ‘perform’ for resources, says UBCO study

One participant in the study said ‘It is about looking homeless, but not too homeless’

Gov. Gen. Julie Payette takes the royal salute from the Guard of Honour as she makes her way deliver the the throne speech, Wednesday, September 23, 2020 in Ottawa. THE CANADIAN PRESS/Fred Chartrand
Gov. Gen. Julie Payette resigns, apologizes for ‘tensions’ at Rideau Hall

Payette, who is the Queen’s representative in Canada, has been the governor general since 2017

Grounded WestJet Boeing 737 Max aircraft are shown at the airline’s facilities in Calgary, Alta., Tuesday, May 7, 2019. WestJet will operate the first commercial Boeing 737 Max flight in Canada today since the aircraft was grounded in 2019 following two deadly crashes. THE CANADIAN PRESS/Jeff McIntosh
Passengers unfazed as WestJet returns Boeing 737 Max to service on Vancouver flight

After a lengthy review process, Transport Canada cleared the plane to return to Canadian airspace

The top part of the fossil burrow, seen from the side, with feathery lines from the disturbance of the soil – thought to be caused by the worm pulling prey into the burrow. (Paleoenvironntal Sediment Laboratory/National Taiwan University)
PHOTOS: SFU researchers find evidence of ‘giant’ predatory worms on ocean floor

Fossils found the prove the existence of an ancient Taiwanese worm as long as two metres

Most Read