What affect does the Port Property Tax Act have on the City of Port Moody ?

 

We have ONE property affected by the Act, Pacific Coast Terminals.

 

The following grid shows the property assessment and taxes payable on the PCT property over the past years:

 

Year	Assessment	Mill Rate	Taxes (@mill rate)	Grant	Prov Contrib	Net Diff in taxes to city
2003	23306000	.0486874	1134708	0	0
2004	24556000	.0531939	1306229	630939	494005	136904
2005	24880000	.0546342	1359298	721296	494005	227291
2006	24552000	.0517824	1287230	643179	494005	149174