View the
2012 Tax Rates Each year, after adoption of the financial plan, but before May 15, Council must, according to bylaw, impose property value taxes for the year by establishing rates for:
- the municipal revenue proposed to be raised for the year from property value taxes, as provided in the financial plan, and
- the amounts to be collected for the year by means of rates established by the municipality to meet its taxing obligations in relation to another local government or other public bodies (i.e., Regional Hospital District and Regional District).
Property value taxes are based on the assessed value of land and improvements, other than land and improvements exempt by statute. Separate rates are established for each property class. Property value taxes are deemed to be imposed on January 1 of the year in which the Tax Rate Bylaw is adopted.