The tax ratios in Fort St. John will remain the same for 2009.
Mayor Bruce Lantz and city Councilors voted unanimously on Tuesday night for two options presented by City Staff.
They also agreed to include the Parcel Tax as part of the property taxes. This means the majority of residents will benefit from reduced taxes this year.
Any residential property with an assessment value of $250,000 dollars or less will see a decrease in the ’09 taxes.
Lantz says light industry will benefit from the change because there will be a reduction in the school tax portion.
Independent review commissioner Dr. Stanley Hamilton had encouraged council to raise residential taxes, in order to take the burden off local businesses.
But, council decided to ignore that advice, and keep tax rates the same.
However, Lantz says Dr. Hamilton’s recommendations will not go to waste.
Councilor Bolin says regardless of Council’s decision, Dr. Hamilton’s recommendations were a catalyst for change in the city.
Meanwhile, Lantz says he feels confident the city made a fair decision for both industry and residential taxpayers.
Attached is the final report from Dr. Hamilton. The other report attached is the City of Fort St. John staff recommendation.