2016-2020_Financial_Plan_Web

Major Revenue Sources

COMPARATIVE CHARGES ON A RESIDENTIAL DWELLING Based on average assessment of the taxing authority

2015

Surrey

New Westminster

Langley (Township)

% Change

Burnaby

Richmond Coquitlam Delta

2015

2014

994,435 $

547,376 $

$

708,280

1,008,269 $

739,877 $

615,809 $

671,187 $

647,911 $

3.6%

Average Assessment

994,435

547,376

708,280

1,008,269

739,877

615,809

671,187

647,911

3.6%

Levies School

1,539

1,046

1,303

1,580

1,271

1,051

1,166

1,155

0.9% -0.8% -2.6% 0.5%

BCA, MFA and Other

375

206

267

380

279

232

253

255

GVRD

54

31

43

54

43

35

37

38

1,968 2,281 4,249

1,283 1,840 3,123

1,613 2,634 4,247

2,014 2,205 4,219

1,593 2,329 3,922

1,318 2,165 3,483

1,456 1,772 3,227

1,448

General

1,601 10.7%

3,049

5.9%

Total Taxes

User Rates Total Res. User Fees

636 528

1,178

1,247

1,209

744 389

844

954 213

972 201

-1.9% 6.0% -0.6%

Parcel Taxes

0

0

0

0

1,164

1,178

1,247

1,209

1,133

844

1,167

1,173

Total Taxes and User Rates

5,413 $

$

4,301

$

5,494

$

5,428

5,055 $

4,327 $

$

4,394

4,222 $

4.1%

2015 PROPERTY TAXES BY CLASS ASSESSMENT CODES Based on total taxes collected for the year 2015 ($548,762,940.04)

0.2%

Class 1 ‐ Residential (65.0%)

27.0%

Class 2 ‐ Utilities (2.7%)

Class 4 ‐ Major Industry (0.3%)

Class 5 ‐ Light Industry (4.8%)

65.0%

Class 6 ‐ Business Other (27.0%)

4.8%

Class 8 ‐ Recreational Property, Non‐profit Organization (0.2%) Class 9 ‐ Farm Land (0.0%)

0.3%

2.7%

2016-2020 FINANCIAL PLAN

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