Tax Rate Set
Prince George, B.C. – The tax rate bylaw has been approved by Prince George City Council.
The bylaw sets out the different rates for different types of properties and is aimed at raising $100,547,802 for general operating costs, the snow levy , road rehab and general infrastructure. In all, the amount needed to be collected through taxation is 3.18% more than last year.
Once the Regional District of Fraser Fort George rate is included , here is how much the owners of varying property types will have to pay per one thousand dollars of assessment (the amounts do not take into account any grants or reductions) :
- Residential: $8.90752
- Utility: $47.45896
- Supportive Housing: $8.4234
- Major Industry: $51.15137
- Light Industry: $31.7444
- Business/Other : $20.09576
- Managed Forest Land: $11.02593
- Recreation/Non-Profit: $8.90752
- Farm: $6.718
Council will meet again on Wednesday at noon to give the bylaw final reading. “This has been a long process” said Mayor Lyn Hall, “We certainly don’t take a tax increase lightly, it’s just a matter of where we are, and the fact we have a tremendous amount of work to do.”