2020 Citizens Report

PROPERTY VALUES VS. TAXATION

Property Values In 2020, 91.0% of the

Residential 91%

total value of properties in Maple Ridge was in the Residential Class. That’s 91.0% of the over $24.7 billion worth of property as reported by the BC Assessment Authority. Property Taxes While 91.0% of the value is in the Residential Property Class, only 78.6% of the local taxes collected come from residential property owners. 21.3% of tax collected comes from the Business Classes, which account for 9% of the total property value in Maple Ridge. This is a common ratio in Metro Vancouver. Total property taxes levied in 2020 was just over $89.2 million. Definition: The term ‘Business Class’ on this page refers to properties in the Utilities, Industrial,

Taxable Values By Property Class

Business Class 9%

2020 Total Value of All Property Types $ 24,668,177

Residential 78.6%

Business, Seasonal Recreation and Farm categories.

General Taxation By Property Class

Business Class 21.4%

The 2020 Annual Report contains more detailed information on the City’s financial position and results of operation. Copies can be obtained from the Fraser Valley Regional Library, Maple Ridge City Hall and online at mapleridge.ca/163

2020 Total Property Tax Levies (for general purposes, NOT school, GVTA, BCA, etc.) $ 89,240,904

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