|
REPORT
TO COUNCIL |
REVENUE SOURCES |
| Percentage of Total Revenue average - 1996-2000 | ||||||||
| Total Municipal Taxation | Grants in lieu of taxes | Services provided for other govts. | Sales of services | Revenue from own sources | Transfers from other govts. | Transfers from other funds | Total | |
| Quesnel | 72.88% | 2.39% | 6.17% | 5.68% | 7.82% | 3.28% | 1.78 | 100.00% |
| Nelson | 44.35% | 2.71% | 3.32% | 10.62% | 18.01% | 8.08% | 12.91% | 100.00% |
| Castlegar | 68.26% | 1.28% | 0.00% | 9.03% | 15.31% | 5.99% | 0.13% | 100.00% |
| Kimberley | 81.19% | 0.59% | 0.00% | 4.86% | 7.15% | 4.86% | 1.34% | 100.00% |
| Salmon Arm | 72.73% | 1.21% | 0.00% | 11.21% | 9.77% | 4.69% | 0.38% | 100.00% |
| Merritt | 58.19% | 2.37% | 2.71% | 8.45% | 18.12% | 7.74 | 2.42% | 100.00% |
| Golden | 72.13% | 2.24% | 0.02% | 7.70% | 4.97% | 12.94% | 0.00% | 100.00% |
| All Municipalities | 67.16% | 3.04% | 0.43% | 11.46% | 11.04% | 5.59% | 1.28% | 100.00% |
| Revelstoke | 43.19% | 16.09% | 0.00% | 18.46% | 6.35% | 12.59% | 3.33% | 100.00% |
|
Notes: |
||||||||
|
|
| Revelstoke Revenue Contribution Sources - 19965-2000 | |||||||
| Total Municipal Taxation | Grants in lieu of taxes | Services provided for other govts | Sales of services | Revenue from own sources | Transfers from other govts. | Transfers from other funds | |
| 1996 | 41.17% | 16.29% | 0.00% | 19.65% | 5.79% | 13.67% | 3.43% |
| 1997 | 42.21% | 16.40% | 0.00% | 19.12% | 6.14% | 13.62% | 2.50% |
| 1998 | 43.68% | 16.89% | 0.00% | 18.71% | 6.64% | 11.15% | 2.92% |
| 1999 | 42.86% | 16.07% | 0.00% | 17.85% | 6.52% | 11.89% | 4.82% |
| 2000 | 45.71% | 14.93% | 0.00% | 17.14% | 6.60% | 12.66% | 2.96% |
|
Revelstoke’s residential
property tax trend is outlined below for the five years ended 2001. |
| Property Tax Trend - 1997-2001 | |||
| Year | Average Assessment | Tax rate (City and CSRD) | Average taxes |
| 1997 | $94,247 | 5.5313 | $521.31 |
| 1998 | $92,156 | 5.9492 | $548.25 |
| 1999 | $89,683 | 6.3468 | $569.20 |
| 2000 | $88,980 | 6.6970 | $595.90 |
| 2001 | $88,691 | 7.2000 | $638.58 |
|
The burden of municipal (city only) property taxation per capita can be demonstrated by the following charts:
It can be seen that the incidence of property taxation per capita in Revelstoke compares favourably with the other municipalities in the comparison group. Revelstoke ranks higher only than Castlegar, Quesnel and Merritt in terms of residential taxes. This is largely due to the fact that Castlegar’s recreational facilities are provided by the regional district and Quesnel’s major industry sector provides a substantial portion of its taxation revenue. |
|
The following pie charts show the proportion of property tax revenue contributed by each property tax class. It can be seen that the overall contribution by the business class to property taxes in 2001 was 34.3% compared with 34.5% in 2000 while the contribution by residential property owners decreased from 48.8% to 47.7%. The contribution by major industry increased from 6.5% to 7.9%. The reason for these changes is the effect of new construction in different classes and the shift in assessment values.
|
|
As a comparison the same data is shown for Salmon Arm and Golden in the following diagrams:
|
[Introduction]
[General Fund Debt per
Capita] [General Fund Expenditures]
[Revenue Sources] [Capital Expenditures]
[Reserves & Surpluses] |
