A proposal coming to Saanich council tonight (May 31) seeks support for a provincial plan that has potential to raise single-family home tax rates in the district based on climate and financial impacts compared to multi-family residences. (Black Press Media file photo)

A proposal coming to Saanich council tonight (May 31) seeks support for a provincial plan that has potential to raise single-family home tax rates in the district based on climate and financial impacts compared to multi-family residences. (Black Press Media file photo)

Saanich councillor wants to tie climate impact of single-family homes to municipal tax rates

Early stages move has potential to raise tax rates for homeowners, discussion tonight (May 31)

A motion coming before Saanich council Monday evening (May 31) is seeking municipal support for a plan to alter how residential taxes are calculated, which could mean higher tax rates in future for single-family homeowners.

A proposal from Coun. Zac de Vries seeks to incentivize developments seen as more compatible with climate action goals and long-term financial endurance within communities. He’s asking that council support the motion for submission as a resolution for discussion by the Union of B.C. Municipalities at its 2021 convention in September.

The current B.C. Assessment Act applies the same taxation rate despite one’s residential sub-class; single-family vs. multi-family homes.

De Vries’ rationale states that applying situational mill rates to different types of residential properties would give municipalities the means to accurately assess the associated costs of residential land use. It also suggests single-family homes are not as sustainable and cost more for the municipality to service than multi-family buildings.

A mill rate is the formula municipalities use to assess the amount of tax payable per dollar on the value of a property.

ALSO READ: Saanich property tax drive-thru returns


 

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municipal politicsProperty taxesSaanich