2017 Citizens Report

2017 MAPLE RIDGE FINANCIAL SPOTLIGHT

Property Values vs. Taxation

Taxable Values By Property Class

Property Values In 2017, 92.6% of the value of property was in the Residential Class. That’s 92.6% of the over $19 billion figure supplied by BC Assessment. Property Taxes While 92.6% of the value is in the Residential Class, only 78.4% of the tax collected comes from Residential. 21.6% of tax collected comes from Business Classes, which account for 7.4% of the total property value. This type of ratio is common in Metro Vancouver. Total property tax levied in Maple Ridge during 2017 was just over $76 million. Definition: The term Business Class on this page refers to Utilities, Industrial, Business, Seasonal Recreation and Farm properties.

Residential 92.6%

Business Classes 7.4%

2017 Total Value of All Property Types

$19,332,243 General Taxation By Property Class VERSUS

Residential 78.4% Business Classes 21.6%

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.

2017 Total Property Tax Levies

(for general purposes, NOT school, GVTA, BCA, etc.) $76,320,447

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