Maple Ridge Mayor Nicole Read.

Final Maple Ridge tax rates being tweaked

Part of the budget includes a break for business and light industry classes.

Maple Ridge council is about to set the final tax rates to accord with its budget passed in January.

Part of the budget includes a break for business and light industry classes, with the proposed increase dropped from 3.15 per cent to 1.85 per cent.

As a result of that, business taxes are only 2.71 times more than residential rates, a reduction of .04 per cent.

“It is important for this council to show its support for local businesses and one way to do this is to address the property tax burden,” Mayor Nicole Read said in a news release.

Maple Ridge council, in December, gave second reading to a 3.33-per-cent increase in residential property taxes for its 2016 budget – so if a home went up by the average increase in residential value, the property tax increase should be around three per cent.

For an average Maple Ridge home, based on a house, apartment or townhouse with a $400,000 assessed value, the tax increase would mean a total bill of $2,768 for general services and utilities (sewer, water and recycling).


Just Posted

Katzie paddled together in honour of a fallen family member

More than 30 members of the Katzie First Nation reserve took part in the canoeing event

Money in to finish Lougheed Highway twinning

$29 million to complete four laning of four-kilometre stretch in Maple Ridge, but no start date

Campers expect 100 per cent online reservations at Golden Ears next season

Maple Ridge group has been fighting to keep drive in bookings

Maple Ridge council will be asked to declare climate emergency

Vancouver, London and Los Angeles have already done so

Rich the Vegan scoots across Canada for the animals

Rich Adams is riding his push scooter across Canada to bring awareness to the dog meat trade in Asia

Body, burning truck found near northern B.C. town

RCMP unsure if the two separate discoveries are related

Former Fernie Ghostrider re-signs with Vancouver Canucks

Josh Teves has signed a two-year contract with the NHL team

Couple found dead along northern B.C. highway in double homicide

Woman from the U.S. and man from Australia found dead near Liard Hot Springs

UPDATE: West Kelowna fawn euthanized, not claimed by sanctuary

Gilbert the deer has been euthanized after a suitable home was not found in time

BC Wildfire Service warns wet weather no reason to be complacent

Fire risk currently low for much of B.C. compared to same time over last two years.

Bank of Canada lowers qualifying rate used in mortgage stress tests

Home sales softened last year after the federal government introduced new stress test rules for uninsured mortgages

Most Read