Formula : Tax Rate x Value of Property = Annual Property Taxes.
1,000
Tax Rate: varies with different property classes. Tax rates are determined annually by the City.
Property Classes: residential, business, industry, farm, recreation, etc.
Value of Property: is determined annually by the BC Assessment.
Annual Property Taxes: are set by the City based on revenue needs.
1,000
Tax Rate: varies with different property classes. Tax rates are determined annually by the City.
Property Classes: residential, business, industry, farm, recreation, etc.
Value of Property: is determined annually by the BC Assessment.
Annual Property Taxes: are set by the City based on revenue needs.
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