Wednesday, December 15, 2010

Property Tax Rise for Vancouver

Vancouver property taxes hiked 2.2%

This translates into a 4.2% increase for homeowners and gives Vancouver an operating budget in excess of $1 billion for the first time.

If I'm estimating this correctly, that will result in a 4.39075 levy per $1000 taxable value on residential property, up from 4.21377. Or an additional 0.17698 per $1000 or for the average detached property: $141, or for West Vancouver: $300 (assuming no grants).

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