-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)
or ($1,247,205(Parks) and $2,235,124(Rec) = 3,482,329.) as is in the proposed budget for 2014. P.173.
-Ratios used are for 2013 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 decrease by $5,121. per 100,000
Utilities Class would have an increase of $2,606. per 100,000
Business Class would have an increase of $2,304. per 100,000
Lt. Industrial Class would have an increase of $70. per 100,000
The tax ratio effect of the $3,482,329 Parks and Rec Function Change will see a corresponding change to tax charges to the various classes. However because Utility have reached the maximum charge that can be levied their $90,758 increase must be zeroed out and shared by the other classes. The long and short of this in far right column is that residential class decreases by $120,093 while business tax class increases by $110,905 and lt. Industrial increases by $3,897 etc.
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)
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