Mayne Island Taxation

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Taxation Reality

The impact on our island economy is severe as many of those dollars never return to the community.

MIRRA has compiled taxation amounts for the past 10 years in an effort to help islanders understand where your dollars go, where the increases have occurred and what it takes to govern our society.

The BC Assessment Authority provided the net value of all properties and improvements on the island, the mil rate listed is the annual residential rate – so the figures are reasonably accurate, but as some properties (ie: Farms) pay a lower mil rate and some properties (ie: Commercial) pay a higher mil rate the figures are not exact.

Mayne Island Annual Taxation Requisition

Year  Mil rate            Taxation

CRD

 

2005  .5726               $202,134.00

2006  .5513               $217,671.00

2007  .5151               $247,219.00

2008  .4705               $280,619.00

2009  .4764               $287,158.00

2010  .5013               $285,854.00

2011  .5168               $325,611.00

2012  .5536               $339,144.00

2013  .6127               $327,632.00

2014   .6572              $329,185.00

 

Islands Trust 

 

2005  .6431               $227,031.00

2006  .6216               $245,372.00

2007  .6260               $300,444.00

2008  .5957                $355,292.00

2009  .6017               $362,685.00

2010  .6372               $363,348.00

2011  .6466               $407,392.00

2012  .6681               $409,289.00

2013   .7091              $379,180.00

2014   .7789              $390,143.00

 

 

 CRD Parks 

 

2005  .1290               $45,538.00

2006  .1498               $59,132.00

2007  .1509               $72,423.00

2008  .1364               $81,352.00

2009  .1531               $92,283.00

2010  .1614               $92,034.00

2011  .1562               $98,414.00

2012  .1607               $98,447.00

2013  .1689               $90,316.00

2014   .1737              $87,400.00

 

CRD Docks (Parcel Tax)

 

2005  $14.99             $24,433.00

2006  $17.66             $28,838.00

2007  $21.56             $35,250.00

2008  $25.87             $42,866.00

2009  $31.36             $51,963.00

2010  $40.62             $68,850.00

2011  $44.53             $75,433.00

2012  $46.51             $79,160.00

2013  $44.65             $75,994.00

2014   $41.56            $70,818.00

 

Provincial Rural Tax 

 

2005  .8100               $285,939.00

2006  .7000               $276,320.00

2007  .5900               $283,186.00

2008  .5000               $298,814.00

2009  .5200               $313,439.00

2010  .5200               $296,517.00

2011  .5200               $327,628.00

2012  .5300               $324,686.00

2013   .5500              $294,104.00

2014   .5600              $280,498.00

 

Mayne Island Fire 

 

2006    $398,376.00

2007    $454,051.00

2008    $505,494.00

2009    $512,713.00

2010    $579,272.00

2011    $592,842.00

2012    $572,843.00

2013    $573,444.00

2014    $587,969.00

 

Mayne Island Health Centre 

2006    no taxation

2007    $83,860.00

2008    $82,822.00

2009    $82,800.00

2010    $87,340.00

2011    $105.086.00

2012    $101,302.00

2013    $84,456.00

2014     $92,184.00

 

Statistics 

 

Year   Parcels          Net value of all island lands and improvements

2005   1630                $353,011,910.00

2006   1633               $394,743,048.00

2007   1635               $479,943,885.00

2008   1657                $596,429,234.00

2009   1687                $603,768,070.00

2010   1695               $570,226,480.00

2011   1694               $630,053,876.00

2012   1702               $612,616,796.00

2013   1702               $534,734,931.00

2014   1704               $500,890,394.00

 

Notes: With the exception of the Mayne Island Fire and Health Centre taxes, Taxation values are not exact. The figures were extrapolated using net figures and do not take into account exempt properties, differing taxation rates, etc. The Mayne Island Improvement District was the only local government body willing to provide exact annual taxation requisition values.

 

However, these are strong indications as to how much money it takes to run our local government bodies and should be within 5% of actual taxation amounts.

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