Effect on City of Vernon Taxpayers in Various Classes if Services Moved from NORD to City. (Tax ratio effect only)

-There would be no change to the amount of taxes raised.
-These tables only Analyze what would happen to the various classes of taxpayer if the City of Vernon took over a function. (per ep. Tourism or Ec. Dev. Function or Regional UBCO Second Bus)
-Ratios used are for 2010 and naturally can be changed each year by the City's Council during budget deliberations.
-NORD Ratios are set by Provincial Govt. and haven't changed for quite a while.



EFFECT HIGHLIGHTS on a $100,000 Service changed from NORD Taxation to City Taxation:

• Residential Class would have a 9.94% decrease and save $6,697.
• Utilities Class would have an increase of $2785.
• Business Class would have a 13.34% increase of $3,992.
• Lt. Industrial Class would have a 13.12% decrease and save $178.

Don Quixote Note: These tables do not show the effect within any of the classes, of the City taking over a function such as the Recreational function or Fire Dispatch Function that are taxed on the basis of IMPROVEMENTS ONLY at NORD. The City would have to tax these Functions if they came under City Control on the basis of BOTH LAND & Improvements. The effect on an individual taxpayer (Residential or commercial etc) in this case would depend on his land holdings. The effect would be similar to the effect that occurred when the City changed its tax base on the Fire Department Service in 2009. (more on this in a future post)  (originally posted 7/6/10)