Light industry typically pays more property taxes per $1000 of assessed land value than residential or business class property. This difference describes the proportional share of the tax burden borne by light industry. A lower light industry class tax multiple is one of several factors that shows how "industry-friendly" a community is. In comparing 2013 taxes … Continue Reading ››

Businesses typically pay more property taxes per $1000 of assessed land value than residential property. This difference describes the proportional share of the tax burden borne by business. A lower business class tax multiple is one of several factors that shows how "business-friendly" a community is. In comparing 2013 taxes for municipalities across the North Okanagan … Continue Reading ››