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In This Volume

  • 197 (1) Each year, after adoption of the financial plan but before May 15, a council must, by bylaw, impose property value taxes for the year by establishing tax rates for
  • (a) the municipal revenue proposed to be raised for the year from property value taxes, as provided in the financial plan, and
  • (b) the amounts to be collected for the year by means of rates established by the municipality to meet its taxing obligations in relation to another local government or other public body.
  • (2) Unless otherwise permitted by this or another Act, a property value tax under subsection (1) must be imposed
  • (a) on all land and improvements in the municipality, other than land and improvements that are exempt under this or another Act in relation to the tax, and
  • (b) on the basis of the assessed value of the land and improvements.
  • (3) For the purposes of subsection (1)(a), the bylaw may establish for each property class
  • (a) a single rate for all revenue to be raised, or
  • (b) separate rates for revenue to be raised for different purposes but, in this case, the relationships between the different property class rates must be the same for all purposes.
  • (3.1) In relation to tax rates established for the purposes of subsection (1)(a), before adopting the bylaw, the council must consider the tax rates proposed for each property class in conjunction with the objectives and policies set out under section 165(3.1)(b) in its financial plan.
  • (4) For the purposes of subsection (1)(b), for each local government or other public body in relation to which the amounts are to be collected,
  • (a) the bylaw must establish separate rates for each property class, and
  • (b) the relationships between the different property class rates must be the same as the relationships established under subsection (3) unless otherwise required under this or another Act.
  • (5) If the amount of revenue raised in any year for a body under subsection (1)(b) is more or less than the amount that is required to meet the municipality’s obligation, the difference must be used to adjust the rate under subsection (1)(b) for the next year.
  • (6) The minimum amount of tax under subsection (1) in any year on a parcel of real property is $1.
  • (7) Property value taxes under subsection (1) are deemed to be imposed on January 1 of the year in which the bylaw under that subsection is adopted, unless expressly provided otherwise by the bylaw or by the enactment under which they are imposed.

2003-26-197, effective January 1, 2004 (B.C. Reg. 423/2003); 2007-24-3; 2007-14-201, effective December 1, 2007 (B.C. Reg. 354/2007).