Taxes & Budget

Utilities (water user & waste collection) and Property Taxes

 

Lions Bay utilities (water user and waste collecdtion) tax notices are mailed to home owners in early March.  Payment is due March 31 and if paid on time, home owners receive a prompt payment discount.  In 2009 the gross water, garbage and recycling rate is $820 per home with a prompt payment discount of $35 for a net amount payable of $785.

 

Lions Bay property tax notices are mailed in early June.  Property taxes are due on or before July 14 of the current year.  If the property tax payments are received after July 14 of the current year a 10% penalty is applied.  Home Owner Grants are available to qualifying homeowners to reduce the Basic School Tax Levy.  The application is on the reverse at the bottom of the property tax notice.  The following tax rates applied to properties in Lions Bay in 2009:

 

            Property Tax Levies - Residential Tax rate

 

Local School Levy                                                        1.2894

Municipal Tax - General                                                1.1506

Municipal Tax - Fire Protection                                      0.3600

GVTA (Greater Vancouver Transit Authority)                0.3677

GVRD (Greater Vancouver Regional District)                0.0668

BC Assessment Authority                                              0.0641

Municipal Finance Authority                                           0.0002

Small Community Policing                                              0.1498

Total Tax Rate - residential                                      3.4486

 

In addition, the Water Parcel Tax is levied on all properties: $365.00

 

In addition, all properties in Kelvin Grove are levied a sewer parcel tax 

and properties with improvements a sewer user tax. 

 

Sewer parcel tax                                                           $120.00

Sewer user tax                                                              $375.00