Council approves property tax rates

City council passed a bylaw Monday night setting the rates households and businesses will pay for property taxes this year.

Owners of residential property will pay $7.34 per $1,000 of assessed value.

article continues below

Although down from $7.60 last year, the owner of a typical home, valued at $300,680, will pay an extra $91 - pushing the bill up to $2,207 - to reflect the 4.3-per-cent increase in the tax levy.

For the city's share of the levy for the Fraser-Fort George Regional District, homeowners will pay $1.06 per $1,000. For the typical home, the bill will be $318, compared to $300 last year.

Those with homes valued below that level will see a smaller increase while those with homes above that level will see larger increases.

Businesses will pay $17.17 to the city and $2.59 to the FFGRD, major industry $53.32 and $3.59, and light industry would pay $27.62 and $3.59, with them accounting for 28.67, 2.82 and 13.2 per cent of the levy respectively.

Residential properties account for 67.3 per cent of the city's total assessed value. Business makes up 26.6, major industry 2.46 and light industry 0.97 per cent.

The total levy stands at just under $110 million.

Read Related Topics

Comments

NOTE: To post a comment you must have an account with at least one of the following services: Disqus, Facebook, Twitter, Google+ You may then login using your account credentials for that service. If you do not already have an account you may register a new profile with Disqus by first clicking the "Post as" button and then the link: "Don't have one? Register a new profile".

The Prince George Citizen welcomes your opinions and comments. We do not allow personal attacks, offensive language or unsubstantiated allegations. We reserve the right to edit comments for length, style, legality and taste and reproduce them in print, electronic or otherwise. Comments that contain external links will not be permitted. For further information, please contact the editor or publisher, or see our Terms and Conditions.

comments powered by Disqus

TransMountain pipeline expansion POLL

Do you support the federal government’s decision to go ahead with the TransMountain pipeline expansion?

or  view results

Sign Up For Our e-Newsletter!
  • 97/16

    Prince George's Weekly News

Popular Citizen

Community Event Calendar


Find out what's happening in your community and submit your own local events.

Lowest Gas Prices in Prince George
Prince George Gas Prices provided by GasBuddy.com