Terrace, British Columbia
· No. 2346
· adopted 2026-05-11
· summary & facts
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CITY OF TERRACE
BYLAW NO. 2346 -- 2026
"A BYLAW FOR THE CITY OF TERRACE FOR LEVYING TAX RATES
FOR MUNICIPAL, HOSPITAL DISTRICT, REGIONAL DISTRICT, AND
BUSINESS IMPROVEMENT PURPOSES FOR THE YEAR 2026."
WHEREAS pursuant to section 197 of the Community Charter, Council must, before May
15t" in each year, by bylaw, impose property value taxes for the year by establishing tax
rates for the municipal revenue proposed to be raised from property value taxes, as provided
in the financial plan, and the amounts to be collected by means of rates established by the
municipality to meet its taxing obligation in relation to another local goverment or other
public body;
NOW THEREFORE the Council of the City of Terrace, in open meeting assembled, enacts
as follows:
1.0 The following rates are hereby imposed and levied for the year 2026:
a) For general purposes of the Municipality, on the assessed value of land
and improvements taxable for municipal purposes, rates appearing in Column
"A" of Schedule "A" attached hereto and forming a part hereof;
b) For public transit purposes of the Municipality, on the assessed value of
land and improvements taxable for hospital purposes, rates appearing in
Column "B" of Schedule "A" attached hereto and forming part hereof,
C) For general purposes of the Regional District of Kitimat-Stikine, on the
assessed value of land and improvements taxable for hospital purposes, rates
appearing in Column "C" of Schedule "A" attached hereto and forming a part
hereof;
d) For purposes of the North West Regional Hospital District, on the
assessed value of land and improvements taxable for hospital purposes, rates
appearing in Column "D" of Schedule "A" attached hereto and forming a part
hereof;
e) For solid waste purposes of the Regional District of Kitimat-Stikine, on
the assessed value of improvements taxable for hospital purposes, rates
appearing in Column "E" of Schedule "A" attached hereto and forming a part
hereof.
f) For business improvement purposes of the Municipality, on the assessed
value of land and improvements taxable for hospital purposes within the
business improvement area boundary, rates appearing in Column "F" of
Schedule "A" attached hereto and forming a part hereof.
2026 Tax Rates Bylaw -2- Bylaw No. 2346 -- 2026
20. The minimum amount of taxation upon a parcel of real property shall be one dollar
($1.00).
3.0 This Bylaw may be cited as "2026 Tax Rates Bylaw No. 2346 -- 2026".
READ a first time this 27 day of April, 2026.
READ a second time this 27" day of April, 2026.
READ a third time this 27" day of April, 2026.
ADOPTED this 11" day of May, 2026.
i
ee as
Mayor ----
Corporate De
2026 Tax Rates Bylaw -3- Bylaw No. 2346 -- 2026
SCHEDULE "A"
(to 2026 Tax Rate Bylaw No. 2346 -- 2026)
Tax Rates (dollars of tax per $1000 taxable value)
A B Cc D E F
; Regional
Regio Kia North West District of Municipal:
Municipal: Municipal: Distriet et Regional Kitimat- Business
Property Class . oa Kitimat- ; =e
General Transit Tt Hospital Stikine: Improvement
Stikine: an Si ;
Genorat District Solid
Waste
1 Residential 4.7340 0.2370 0.1171 0.5429 0.4142 0
2 Utility 59.4700 0.8300 0.4102 1.9000 1.4492 0
4 Major Industry 55.8700 0.8050 0.3987 1.8450 1.4083 0
5 Light Industry 45.8400 0.8050 0.3987 1.8450 1.4083 0.70473
6 Business/Other 23.5410 0.5810 0.2870 1.3300 1.0148 0.70473
8 Recreation/Non-Profit 5.6900 0.2370 0.1171 0.5418 0.4142 0)
9 Farm 53.0400 0.2370 0.1171 0.5418 0.4142 0