Annual Property Tax Rates - Bylaw 10653 (2025)

Richmond, British Columbia

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8053736 CITY OF RICHMOND ANNUAL PROPERTY TAX RATES (2025) BYLAW NO. 10653 DATE OF ADOPTION - MAY 12, 2025 Bylaw 10653 Page 1 8053736 Bylaw 10653 Annual Property Tax Rates (2025) Bylaw No. 10653 The Council of the City of Richmond enacts as follows: 1. Part 1 through 5, pursuant to the Community Charter. PART ONE: GENERAL MUNICIPAL RATES 1.1 General Purposes 1.1.1 The tax rates shown in column A of Schedule A are imposed and levied on the assessed value of all land and improvements taxable for general municipal purposes, to provide the monies required for all general purposes of the City, including due provision for uncollectible taxes, and for taxes that it is estimated will not be collected during the year, but not including the monies required for payments for which specific provision is otherwise made in the Community Charter. 1.2 City Policing and Fire & Rescue 1.2.1 The tax rates shown in columns B & C of Schedule A are imposed and levied on the assessed value of all land and improvements taxable for general municipal purposes, to provide monies required during the current year for the purpose of providing policing services and fire and rescue services respectively in the City, for which other provision has not been made. PART TWO: REGIONAL DISTRICT RATES 2.1 The tax rates appearing in Schedule B are imposed and levied on the assessed value of all land and improvements taxable for hospital purposes and for Greater Vancouver Regional District purposes. Bylaw 10653 Page 2 8053736 PART THREE: GENERAL PROVISIONS 3.1 Imposition of Penalty Dates 3.1.1 All taxes payable under this bylaw must be paid on or before July 2, 2025. 3.2 Designation of Bylaw Schedules 3.2.1 Schedules A and B are attached and designated a part of this bylaw. PART FOUR: INTERPRETATION 4.1 In this bylaw, unless the context otherwise requires: CITY means the City of Richmond. PART FIVE: PREVIOUS BYLAW REPEAL 5.1 Annual Property Tax Rates (2024) Bylaw No. 10547 is repealed. PART SIX: BYLAW CITATION 6.1 This Bylaw is cited as "Annual Property Tax Rates (2025) Bylaw No. 10653". FIRST READING SECOND READING THIRD READING LEGAL REQUIREMENTS SATISFIED ADOPTED MAYOR CORPORATE OFFICER CITY OF RICHMOND APPROVED for content by originating dept. APPROVED for legality by Solicitor Bylaw 10653 Page 3 8053736 SCHEDULE A to BYLAW NO. 10653 PROPERTY CLASS COLUMN A GENERAL PURPOSES COLUMN B POLICING SERVICES COLUMN C FIRE & RESCUE TOTAL 1. Residential 1.01228 0.45802 0.29084 1.76114 2. Utilities 19.56441 8.85223 5.62100 34.03764 3. Supportive Housing 1.01228 0.45802 0.29084 1.76114 4. Major Industry 3.47862 1.57396 0.99943 6.05201 5. Light Industry 2.21939 1.00420 0.63765 3.86124 6. Business/ other 2.21939 1.00420 0.63765 3.86124 8. Recreation/ non profit 0.74483 0.33701 0.21399 1.29583 9. Farm 10.06564 4.55436 2.89197 17.51197 Bylaw 10653 Page 4 8053736 SCHEDULE B to BYLAW NO. 10653 PROPERTY CLASS REGIONAL DISTRICT 1. Residential 0.05739 2. Utilities 0.20086 3. Supportive Housing 0.05739 4. Major Industry 0.19512 5. Light Industry 0.19512 6. Business/other 0.14060 8. Rec/non profit 0.05739 9. Farm 0.05739