TO: Mayor & Council. DATE: November 18, 1982.

FROM: Administration Committee.

SUBJECT: 1983 Assessment Options... ~

RECOMMENDATION:
That the City return to assessment Option 'D' for the year 1983.

BACKGROUND AND COMMENTS:

OPTIONS
There are three assessment options being ‘A’, 'C' and Dl.
In each option the properties are assessed at actual values, the :
differences being the percentage taxable for the various classes of properties.
Option 'A' - The percentage taxable is set by the Province and
varies amongst the different. classes of properties.
This system is used throughout the Province for -
school and regional tax purposes. The percentages :
set down by the Province have been:

1983 1982 1981 ‘1980

Residencial 10% 10% L1LZ% 14.5%
Urilicies 35 35 30 - 30
Primary Industrial 34 34 28.6 30
Light Industrial 24.5 24.5 24.5 25
Commercial 24.5 24. 24.5 25

Option 'C' - The percentage taxable varies Zor each class of property
but is such that chere will not be a tax shize from che
previous relationship between tne property classes exceaot
for new construction.

ial

ated equally and. taxe
2 taxable can be set dy
lasses of property.

Option 'D' ~ All classes of proper i
on the same basis. The op
Council buc must be the s

ie)

conc.

gouras
Se