Vernon's numbers will show an increase of $448,500 in 2019 and with the elimination of the MSP premium charge in 2020 will show a $220,000 decrease in taxes. Assuming tht a 1% increase is approx. $360,000 then we will have a 1.25% increase in 2019 and then a .61% tax reduction in 2020.
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This does not calculate the effect if the RCMP stationed in B.C. are also subject to the 2019 Payroll tax of 1.95% . Vernons approx. cost of $5,000,000 for the RCMP payroll will add about $97,500 (.27%) to our tax requirement in 2019.
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The effect on school taxes and Hospital taxes is unknown as of yet as to amount but this will be another increase to your property tax bill. Also the Transit additional costs as well as the Regional District additional costs will also be added to property tax bill.
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