66/91

O.C. 294/91

March 12, 1991

Local Government Act, Vancouver Charter

Residential Flat Rate Tax Regulation

[includes amendments up to B.C. Reg. 86/93]

Interpretation

In this regulation:

Act means the Local Government Act ;

Charter means the Vancouver Charter ;

flat rate tax means tax imposed on residential property under

section 273.2 (1) of the Act 1 or

section 374.3 (1) of the Charter;

municipality has the same meaning as in

section 1 of the Act, except that it includes the City of Vancouver;

parcel of real property includes a manufactured home that is assessable and taxable under

section 2 or 3 of the Manufactured Home Tax Act .

residential tax means tax imposed on residential property under

sections 331 (1) (

a) and (b), 332 and 273.2 1 of the Act, or

sections 373, 374.2 and 374.3 of the Charter;

residential property means any property classified as class 1 property under

section 19 of the Assessment Act .

System of classification

For the purposes of

section 273.2 (1) (

b) of the Act 1 and

section 374.3 (1) (

a) of the Charter, all residential property within a municipality may be divided into a maximum of 10 geographic area classes each of which contains at least 10% of the total number of residential parcels of real property within the municipality.

Any geographic area class may itself be classified into a maximum of 5 residential land use classes each of which may be further classified on the basis of whether or not property within it is vacant land.

No class of any type may contain fewer than 20 parcels of real property.

Relationship between the amount of property value tax and the amount of flat rate tax

The maximum amount that a municipality may raise from the flat rate tax in any year is the greater of the following amounts:

an amount equal to that percentage of the total amount of residential tax that the municipality raised from the flat rate tax in 1990;

an amount equal to 40% of the total amount of residential tax raised by the municipality in that year.

[am. B.C. Reg. 86/93.]

R.S.B.C. 1979-290-273.2, repealed by 1992-70-25.

Note: this regulation remains in force until repealed by the Lieutenant Governor in Council; see S.B.C. 1992-70-42 (2) (a).

[Provisions relevant to the enactment of this regulation: Local Government Act , R.S.B.C. 1996, c. 323 —

section 333; Vancouver Charter , S.B.C. 1953, c. 55 —

section 374.4]