329/96

O.C. 1332/96

November 18, 1996

Community Charter, shíshálh Nation Government District Enabling Act and Vancouver Charter

Taxation Rate Cap for Class 2 Property Regulation

[Last amended June 10, 2024 by B.C. Reg. 123/2024]

329_96_pit

Definitions

In this regulation:

class 2 property means class 2 property as defined in

section 2 of B.C. Reg. 438/81, the Prescribed Classes of Property Regulation;

class 6 property means class 6 property as defined in

section 6 of B.C. Reg. 438/81, the Prescribed Classes of Property Regulation;

general municipal revenue means

the municipal revenue referred to in

section 197 (1) (

a) of the Community Charter , and

for the City of Vancouver, revenue equivalent to municipal revenue referred to in

section 197 (1) (

a) of the Community Charter ;

municipality means

as applicable, paragraph (

a) or (

b) of the definition of "municipality" in the

Schedule to the Community Charter ,

the City of Vancouver, or

the shíshálh Nation Government District.

[am. B.C. Regs. 31/2008, ss. (

a) and (b); 123/2024, Sch., s. 25.]

General rule

In setting the tax or levy rate for class 2 property for general municipal purposes, a municipality must not exceed the greater of

$40 for each $1 000 of assessed value, and

2.5 times the rate applicable to class 6 property for general municipal purposes in the municipality for the same taxation year.

Exceptions to the general rule

Despite

section 2, in setting the tax rate for class 2 property for general municipal purposes, the municipalities listed in

Schedule 4 may not set a tax rate exceeding the greater of

the value given to the right of the name of the municipality under the heading "Rate cap", and

the value calculated as the product of the value to the right of the name of the municipality under the heading "Ratio cap" and the rate applicable to class 6 property in the municipality for the same taxation year.

Repealed. [B.C. Reg. 31/2008, s. (d).]

[am. B.C. Reg. 31/2008, ss. (

c) and (d).]

Schedules 1 to 3

Repealed. [B.C. Reg. 31/2008, s. (e).]

Schedule 4

[am. B.C. Reg. 409/98, s. 2.]

Name of Jurisdiction

Rate cap

Ratio cap

Village of Chase

40.0

4.73

District of Chetwynd

43.63

2.5

The Corporation of the Village of Cumberland

40.0

7.2

The Corporation of the District of Fort St. James

40.0

3.44

The Corporation of the District of Kent

40.0

5.56

The Corporation of the Village of Lake Cowichan

40.0

2.89

District of Mission

40.0

2.9

City of Nanaimo

46.32

2.5

The Corporation of the District of North Vancouver

40.0

3.82

The Corporation of the District of Pitt Meadows

40.0

3.29

The Corporation of the City of Port Coquitlam

40.0

3.06

City of Port Moody

40.0

3.28

The Corporation of the Village of Pouce Coupe

47.2

2.5

The Corporation of the City of Revelstoke

42.2

2.77

The Corporation of the Village of Slocan

40.0

7.91

City of Terrace

64.39

2.5

Town of View Royal

40.0

3.64

The Corporation of the City of White Rock

40.0

3.1

[Provisions relevant to the enactment of this regulation: Community Charter , S.B.C. 2003, c. 26, ss. 199 and 283, shíshálh Nation Government District Enabling Act , R.S.B.C. 1996, c. 416, s. 4 and Vancouver Charter , S.B.C. 1953, c. 55, s. 374.3.]