Talkin' Taxes
By 250 News
Prince George, B.C. - So, how much have your taxes changes over the past five years?
Tax Levy | Garbage | Sewar | Water | |
2008 | 4.36% | 6.00% | 0% | 0% |
2007 | 6.82% (includes 4% for road Rehab) | 4.5% | 0% | 0% |
2006 | 3.09% | 2.0% | 0% | 5% |
2005 | 3.68% | 2.5% | 0% | 3% |
Total | 17.95% | 15% | 0% | 8% |
Taxes have risen by 17.95% in the past four years. In the past three years new construction has added $2,942518.00 in tax revenue. That equates to about 5% of tax money needed to run the city.
Inflation over the years 2005, 2006, 2007 was 6.40%, taxes rose during that period by 13.59%
According to Prince George City Hall, the tax impact on the “average single family dwelling” is as follows.
2005 | 2006 | 2007 | |
Average Value | 126,402 | 147,168 | 183,810 |
Tax Rate | 10.36677 | 9.28476 | 7.988 |
Property Tax | $1,310.38 | $1,366.42 | $ 1,468.27 |
% Increase | 3.46% | 4.28% | 7.45% |
$ Increase | $ 43.78 | $ 56.04 | $ 101.85 |
It is anticipated the tax hike for 2008 will add another $60 to the tax bill for the “average single family dwelling.”
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Whatever other challenges we may have in delivering quality services here, it is difficult to deliver comparable services to other communities with less money.