Saturday, February 11, 2012

RDNO TAX Requisition for Vernon. (Budget workshop next Wednesday

RDNO functions in which Vernon Participates.









Don Quixote Note:
GVAC Functions
  • There is a new Tax Requisition for Solid Waste (Dumps). This user pay system will be augmented with a $400,000 Tax Requisition on assessed property (Both Land & Improvements) for all regional partners. Vernon's share based on the 2012 assessment rolls will be $212,406.
  • Note that even though the Parks Tax requirement is going up $221,565 Vernon's share is actually going up a higher amount $288,527. Our partners in this function (Coldstream, Areas B & C) are going down by the amounts shown in Above table. This is caused by the assessments in Vernon going up at a greater rate than improvement assessments in our partners jurisdictions. (Likewise even though there is no increase in taxes for community theatre, Vernon will pay $21,701 more and our partners will share in this as  a reduction to their taxes.
  • $377,730 in increased taxes at NORD level = 377,730/243,000=  1.55% increase in taxes to the average homeowner in Vernon .

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