That base tax rate on residential properties in North Saanich was 1.71 per cent. In its March 27 edition, the News Review’s story on the district’s budget talks indicated this base rate was a tax increase in 2012, which was not the case.
The base tax rate is applied to property values set by the B.C. Assessment Authority. The rate is a percentage tax per each $1,000 of assessed value. For instance, applied to a home worth $500,000, a homeowner would pay around $856 in property tax.
Edited by Rob Randall, 01 June 2015 - 08:50 PM.