Businesses typically pay more property taxes per $1000 of assessed land value than residential property. This difference describes the proportional share of the tax burden borne by business. A lower business class tax multiple is one of several factors that shows how “business-friendly” a community is.
In comparing 2013 taxes for municipalities across the North Okanagan and Columbia-Shuswap, Enderby is second only to Lumby in its efforts to maintain a business-friendly tax multiple.
| Community | Tax Multiple |
|---|---|
| Lumby | 1.6820 |
| Enderby | 2.0444 |
| Sicamous | 2.2255 |
| Coldstream | 2.4000 |
| Golden | 2.4500 |
| Salmon Arm | 2.4689 |
| Vernon | 2.6189 |
| Armstrong | 2.6664 |
| Spallumcheen | 3.1000 |
| Revelstoke | 4.1845 |
Last Updated on January 18, 2015.