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 for municipalities across the North Okanagan and Columbia-Shuswap, Enderby boasts the lowest light industry class tax multiple.
Community | Tax Multiple |
---|---|
Enderby | 2.5866 |
Coldstream | 2.9500 |
Spallumcheen | 3.3000 |
Lumby | 3.4740 |
Golden | 3.5099 |
Vernon | 3.5522 |
Salmon Arm | 3.8915 |
Sicamous | 4.0529 |
Armstrong | 5.7676 |
Revelstoke | 7.1150 |
Last Updated on January 18, 2015.