Taxation Rate Cap for Class 2 Property Regulation

Contents
	1	Definitions
	2	General rule
	3	Exceptions to the general rule
Schedules 1 to 3
Schedule 4

Definitions

1 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

(a) the municipal revenue referred to in section 197 (1) (a) of the Community Charter, and

(b) for the City of Vancouver, revenue equivalent to municipal revenue referred to in section 197 (1) (a) of the Community Charter;

"municipality" means

(a) as applicable, paragraph (a) or (b) of the definition of "municipality" in the Schedule to the Community Charter,

(b) the City of Vancouver, or

[am. B.C. Reg. 31/2008, ss. (a) and (b).]

General rule

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

(a) $40 for each $1 000 of assessed value, and

(b) 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

3 (1) 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

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

(b) 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.

(2) Repealed.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

[am. B.C. Reg. 31/2008, ss. (c) and (d).]

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, sections 199 and 283; Sechelt Indian Government District Enabling Act, R.S.B.C. 1996, c. 416, section 4; and Vancouver Charter, S.B.C. 1953, c. 55, section 374.3]

Community Charter; Sechelt Indian Government DistrictEnabling Act; Vancouver Charter