The city passed bylaws establishing property taxes for 2011 and amending the annual flat tax for municipal road maintenance at a recent meeting.
Bylaw 1917 deals with rates on all taxable land and improvements for the year ending Dec. 31.
Residential properties will pay $3.32 of tax per $1,000 taxable assessed value to the city, about $0.23 per $1,000 of taxable assessed value to the West Kootenay Boundary regional hospital district, $0.05 of tax per $1,000 taxable assessed value to the Kootenay Boundary regional hospital district, $2.05 per to the Regional District of Kootenay Boundary (RDKB), $2.67 per to the school district, $0.31 per to the police.
According to Mayor Brian Taylor, the West Kootenay regional hospital district portion deals with a 40 per cent capital contribution to capital projects while the Kootenay Boundary regional hospital district portion is an operating line.
Combined with tax requisitioned to the municipal finance authority of B.C. (MFA) and BCAA, residents will pay a total of $8.69 per $1,000 of assessed value.
Businesses will pay $9.13 per $1,000 to the city, $0.56 per to the West Kootenay Boundary regional hospital district, $0.12 per to the Kootenay Boundary regional hospital district $5.02 per to the RDKB, $6.60 per to the school district, $0.75 per to the police.
The combined total for businesses for 2011 is $22.37 per $1,000 of taxable assessed value.
Utility will pay $37.23 per $1,000 of taxable assessed value to the city, $0.80 per $1,000 to the West Kootenay Boundary regional hospital district, $0.17 per $1,000 to the Kootenay Boundary regional hospital district, $7.17 per to the RDKB, $14.10 per to schools, $1.08 to the police.
Together with amounts to MFA and BCAA, utility will pay $61.06 per $1,000 of taxable assessed value.
Major industry will pay $38.20 per $1,000 of taxable assessed to the city, $0.78 per to the West Kootenay Boundary regional hospital district, $0.16 per to the Kootenay Boundary regional hospital district, $6.96 to the RDKB, $6.60 to the schools, $1.05 per to the police.
In total, major industry in the city will pay $54.26 per $1,000 of assessment.
Light industry will pay $10.66 per to the city, $0.78 and $0.16 per $1,000 of taxable assessed value to the regional hospital districts of the West Kootenay Boundary and Kootenay Boundary respectively.
To the RDKB, light industry will pay $6.96 per $1,000, $6.60 per to the schools, $1.05 to the police and in all, light industry will pay $26.40 per $1,000 of assessed value for property taxes in 2011.
Recreation and non-profits and farms will both pay $6.05 per $1,000 of assessed value to the city, $0.23 per to the West Kootenay regional hospital district, $0.05 per to the Kootenay Boundary regional hospital district, $2.05 per to the RDKB and $0.31 to the police.
Recreation will pay $3.40 per $1,000 of assessed value to the schools while farms will pay $6.80 per and their combined totals will be $12.15 per and $15.55 per respectively.
Property taxes will be due on July 4 and will be subject to a 10-per-cent penalty if not paid by that date.
Meanwhile, Bylaw 1918, that sees a flat tax charged every year for road maintenance, including snow removal, plowing, sanding, pothole work, grading, ditching, shouldering inspections, traffic signs and traffic crosswalks, will change slightly.
In the municipality, parcels with improvements, i.e. land with buildings, will be charged $65 per parcel and land with improvements only, such ones with stratas and apartments, will be charged $55.
Parcels without improvements, such as empty lots, will continue to be charged $10 per parcel.
City Chief Financial Officer Cecile Arnott says the flat tax has in place for a few years (2006).
“The $10 has not changed and the $55 is an increase over the $50 that was levied in previous years,” she says.