“THE CORPORATION OF THE CITY OF PORT COQUITLAM

~2-

That Option 'A' would be subject to the whim of tha
Provincial Government.

Attached are tables which show:

"Source of General Taxes' - this shows in tetal where
“OUr general taxes come or would come from.

"Percentage of General Taxes' - this again shows where
Our general taxes come from, and the overall shift which
would result if we changed options.

"General tax comparison! - this is a table of house values

in the Surrounding areas and the taxes which would be paid

on the given values. Please note the values are arrived

at by taking a mid-1980 average house sales price and in no
way would this be taken as a list of comparable or equiva-

lent properties; average properties within each given area

‘would be more like it.

Attachment 4 shows what the taxes would be on a $100,000
property and how the taxes would change if we changed
options.

If Council is considering chunging options I would Suggest that we
hold off until late September or early October at which time we will have
Studies for our 1982. assessment roll from the Assessment Authority.

JM/ms .
Attachments.

x L am new told these cludics will net be available vatil
the end ot October and tines a by lass navel be {
place. by Nowmber Ona decision thouled

on the ietlormaction now awnileble,

ye" Sept \oJay