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Municipal Property Taxes


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#41 Rob Randall

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Posted 01 June 2015 - 08:48 PM

Mil rate is the basic tax rate:

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.

http://www.vicnews.c...tml?mobile=true

Edited by Rob Randall, 01 June 2015 - 08:50 PM.

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#42 lanforod

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Posted 02 June 2015 - 07:21 AM

Of course, the base residential mill rate went up, but so did everything else, like school rates. total increase was over 4% I think for Saanich, which is nuts. Rates do need to go up, but they need to try to keep the increases to inflation levels.


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#43 LJ

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Posted 02 June 2015 - 07:08 PM

Well I just got my Sewer user fees bill and they look like they are going to double every couple of years. :mad:

 

$ per m3 of water consumption 2014 - $.32, 2015 - $.486, 2016 - $.65, 2017 - $.81, 2018 - $1.02, 2019 - $1.199


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#44 pherthyl

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Posted 02 June 2015 - 08:28 PM

Well I just got my Sewer user fees bill and they look like they are going to double every couple of years. :mad:

 

$ per m3 of water consumption 2014 - $.32, 2015 - $.486, 2016 - $.65, 2017 - $.81, 2018 - $1.02, 2019 - $1.199

 

What municipality is this?   Saanich water rate in 2014 was $1.45/m3 so you are still getting a heck of a deal.

 

Sewer/water/garbage last year cost us $686.


Edited by pherthyl, 02 June 2015 - 08:31 PM.


#45 LJ

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Posted 03 June 2015 - 08:08 PM

What municipality is this?   Saanich water rate in 2014 was $1.45/m3 so you are still getting a heck of a deal.

 

Sewer/water/garbage last year cost us $686.

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#46 Coreyburger

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Posted 04 June 2015 - 11:43 AM

Muncipal water rates: https://www.crd.bc.c...rate-comparison



#47 lanforod

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Posted 04 June 2015 - 11:51 AM

^ That doesn't jive with LJ's numbers. What gives?



#48 Coreyburger

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Posted 04 June 2015 - 12:35 PM

^ That doesn't jive with LJ's numbers. What gives?

 

Those are 2014 rates on the web



#49 LJ

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Posted 04 June 2015 - 07:14 PM

^ That doesn't jive with LJ's numbers. What gives?

Those are water rates in the CRD goto, I was giving sewer rates.


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#50 lanforod

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Posted 05 June 2015 - 09:16 AM

Okay. I can't find a similar comparison on sewer rates. We do know that sewer rates are tied to water usage though...



#51 Rob Randall

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Posted 05 June 2015 - 09:34 AM

Aren't the 2015 water rates out of whack in places like Saanich because the new garbage and green bin costs are bundled in?


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#52 lanforod

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Posted 05 June 2015 - 10:18 AM

Aren't the 2015 water rates out of whack in places like Saanich because the new garbage and green bin costs are bundled in?

They are bundled on the bill but still a separate line item so easy enough to see. You can see your rates on the bill too, IIRC.



#53 sebberry

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Posted 23 June 2016 - 12:24 PM

This is depressing...

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#54 tedward

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Posted 23 June 2016 - 12:28 PM

^ Isn't the bulk of that increase due to housing values having gone through the roof in the past 14 years?  Shouldn't that make you happy?


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#55 Bernard

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Posted 23 June 2016 - 01:05 PM

^ Isn't the bulk of that increase due to housing values having gone through the roof in the past 14 years?  Shouldn't that make you happy?

No it would not, the value of a property is only relevant in so far has how it compares to all the over properties.   The municipality decides on their budget, figures out how much tax they need to collect and then set the mill rate based on that.

 

The increase above is just over 4% per year



#56 VicHockeyFan

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Posted 23 June 2016 - 01:09 PM

^ Isn't the bulk of that increase due to housing values having gone through the roof in the past 14 years?  Shouldn't that make you happy?

 

That's not how it works.  If seberry still lives where I think he does, his property type, compared to all other residential property in the municipality has not increased as much in value, so his taxes will be of a lesser rise than others.


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#57 Bernard

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Posted 23 June 2016 - 01:14 PM

That's not how it works.  If seberry still lives where I think he does, his property type, compared to all other residential property in the municipality has not increased as much in value, so his taxes will be of a lesser rise than others.

Everything depends on how your assessed value rises or falls compared to the average



#58 LeoVictoria

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Posted 23 June 2016 - 08:10 PM

This is depressing...

 

The solution is clear.  Get old faster.


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#59 tedward

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Posted 27 June 2016 - 07:53 AM

That's not how it works.

 

I did a little research and as far as I can tell that IS how it works. A mill rate is applied to the value of your property to determine the dollar amount you pay in taxes. As the value or properties has increased stupidly in Victoria over the last twenty years the dollar amount you pay in taxes has increased significantly.

 

I proposed that the bulk of the increase in that time period was from increased value of the properties rather than increases in the mill rate. I don't have the numbers so I could be wrong of course.  Feel free to post the numbers. :)


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#60 VicHockeyFan

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Posted 27 June 2016 - 08:00 AM

I did a little research and as far as I can tell that IS how it works. A mill rate is applied to the value of your property to determine the dollar amount you pay in taxes. As the value or properties has increased stupidly in Victoria over the last twenty years the dollar amount you pay in taxes has increased significantly.

 

Ted, you are absolutely misunderstanding how property tax and mill rates work.

 

Completely.

 

We all know how it works and have for decades.  Your "little research" is failing you.  Please understand it better, then re-join the conversation then.

 

It's actually quite simple, but you are completely misunderstanding it.

 

http://www.maa.ca/pr...y/millrate.html


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