The following electronic version is for informational purposes only.
The printed version remains the official version.
PETER MILOBAR
HIS MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of British Columbia, enacts as follows:
Taxation Rate Cap for Class 2 Property Regulation
CLAUSE 1: [Taxation Rate Cap for Class 2 Property Regulation, section 2] makes an amendment to the general rule in setting the tax or levy rate for class 2 property for general municipal purposes.
1 Section 2 (a) of the Taxation Rate Cap for Class 2 Property Regulation, B.C. Reg. 329/96, is amended by striking out "$40" and substituting "$44.615".
CLAUSE 2: [Taxation Rate Cap for Class 2 Property Regulation, Schedule 4] amends Schedule 4 to the Regulation.
2 Schedule 4 is repealed and the following substituted:
Schedule 4
| Name of Jurisdiction | Rate cap | Ratio cap |
| Village of Chase | 44.615 | 4.733 |
| District of Chetwynd | 44.615 | 2.5 |
| The Corporation of the Village of Cumberland | 44.615 | 7.2 |
| The Corporation of the District of Fort St. James | 44.615 | 3.44 |
| The Corporation of the Village of Lake Cowichan | 44.615 | 2.89 |
| District of Mission | 44.615 | 2.9 |
| City of Nanaimo | 46.32 | 2.5 |
| The Corporation of the District of North Vancouver | 44.615 | 3.82 |
| The Corporation of the District of Pitt Meadows | 44.615 | 3.29 |
| The Corporation of the City of Port Coquitlam | 44.615 | 3.06 |
| The City of Port Moody | 44.615 | 3.28 |
| The Corporation of the Village of Pouce Coupe | 47.2 | 2.5 |
| The Corporation of the City of Revelstoke | 44.615 | 2.77 |
Regional District Tax Regulation
CLAUSE 3: [Regional District Tax Regulation, section 1] amends the tax rate for property class 1.
3 Section 1 of the Regional District Tax Regulation, B.C. Reg. 439/2003, is amended by striking out the Schedule and substituting the following:
Schedule
| Class of Property | Ratio to Class 1 Rate |
| 1 | 1.0:1 |
| 2 | 4.6:1 |
| 3 | 1.0:1 |
| 4 | 3.4:1 |
| 5 | 3.4:1 |
| 6 | 2.45:1 |
| 7 | 3.0:1 |
| 8 | 1.0:1 |
| 9 | 1.0:1 |
4 This Act comes into force on the date of Royal Assent.
CLAUSE 1: [Taxation Rate Cap for Class 2 Property Regulation, section 2] makes an amendment to the general rule in setting the tax or levy rate for class 2 property for general municipal purposes.
CLAUSE 2: [Taxation Rate Cap for Class 2 Property Regulation, Schedule 4] amends Schedule 4 to the Regulation.
CLAUSE 3: [Regional District Tax Regulation, section 1] amends the tax rate for property class 1.
