2022 POTENTIAL PROPERTY TAX IMPACT
This summary provides an overview of the potential property tax impact for various residential and business properties in Ucluelet in 2022. It includes details on assessed value increases, municipal tax changes, and average property tax levy for different property classes. The data highlights how property values have changed relative to the average for each property class.
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2022 POTENTIAL PROPERTY TAX IMPACT March 15, 2022
Potential Property Tax Impact Residential Pine St Assessed Value Increase % Municipal Tax Increase $ 2022 $ 696,000 25% $ 1,699 -$14 2021 $ 554,000 9% $ 1,713 $43 2020 $ 508,000 $ 1,670 Residential Helen Rd Assessed Value Increase % Municipal Tax Increase $ 2022 $ 629,000 38.9% $ 1,535 $140 2021 $ 453,000 $ 1,395 Residential Marine Drive Assessed Value Increase % Municipal Tax Increase $ 2022 $ 817,000 56% $ 1,994 $380 2021 $ 524,000 $ 1,614 2
Potential Property Tax Impact Residential Zone- Tyee Terrace (STR) Assessed Value Increase % Municipal Tax Increase $ 2022 528,000 84.6% $1,289 $411 2021 286,000 $878 Business Peninsula (Restaurant) Assessed Value Increase % Municipal Tax Increase $ 2022 $ 415,000 8.6% $4,150 $15 2021 $ 382,000 0% $ 4,135 $155 2020 $ 382,000 $ 3,980 Business - Forbes Assessed Value Increase % Municipal Tax Increase $ 2022 $ 421,000 30% $ 4,210 $724 2021 $ 324,000 $ 3,486 3
Potential Property Tax Impact Split Class (Residential and Business) Assessed Value Increase % Municipal Tax Increase $ 2022 Residential $ 206,300 38% $ 503 $42 2022 Business $ 596,000 13% $ 5,961 $267 2022 Total Municipal Property Tax $6,291 2021 Residential $ 149,100 $ 461 -$29 2021 Business $ 526,000 $ 5,694 -$266 2021 Total Municipal Property Tax $ 6,155 2020 Residential $ 149,000 $ 490 2020 Business $ 572,000 $ 5,960 2020 Total Municipal Property Tax $6,450 4
Potential Property Tax Impact Including 3% for Water Filtration Project 2022 Average Market Value Assessment 2022 Average Property Tax Levy 2022 property tax increase on representative property Municipal property taxes for a representative property Res.: Single Family 726,331 $1,725.85 $ 176.60 11.06% 1. Residential 614,448 $ 1,460.00 $ 165.39 12.39% 5. Light. Industrial 183,067 $ 1,949.04 $ 199.96 11.09% 6. Business 307,556 $ 2,993.47 $ 306.28 11.06% The most important factor is not how much your assessed value has changed, but how your assessed value has changed relative to the average change for your relative to the average change for your property class. 2022 average for single family homes in property class. 2022 average for single family homes in Ucluelet is 43%. Ucluelet is 43%. 5
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