2018 Citizen's Report

2018 MAPLE RIDGE FINANCIAL SPOTLIGHT

Property Values vs. Taxation

Residential 92.7%

Property Values In 2018, 92.7% of the value of property was in the Residential Class. That’s 92.7% of the over $22 billion figure supplied by BC Assessment. Property Taxes While 92.7% of the value is in the Residential Class, only 78.5% of the tax collected comes from Residential. 21.5% of tax collected comes from Business Classes, which account

Taxable Values By Property Class

Business Class 7.3%

2018 Total Value of All Property Types $22,687,195,341

vs.

for 7.3% of the total property value. This type of ratio is common in Metro Vancouver.

Total property tax levied in Maple Ridge during 2018 was nearly $80.3 million. Definition: The term Business Class on this page refers to Utilities, Industrial, Business, Seasonal Recreation and Farm properties.

Residential 78.5%

General Taxation By Property Class

Business Class 21.5%

The 2017 Annual Report contains more detailed information on the financial position and results of operations. Copies can be obtained from the Fraser Valley Regional Library, Maple Ridge City Hall and online mapleridge.ca/163.

2018 Total Property Tax Levies (for general purposes, NOT school, GVTA, BCA, etc.) $80,293,163

23 Citizen’s Report 2018