ANNUAL WATER PARCEL TAX:
CHID levies an annual tax on all properties within the district boundaries. It includes properties that are vacant land, and others which have their own wells, as both types of property benefit directly by having water available upon demand to service the property. This includes access to standpipes for fire protection and for insurance purposes. Properties within a city or municipality have a tax for water automatically included in their annual property tax bill. As your water is supplied by CHID, the taxes are issued by and paid to the CHID.
Tax proceeds are contributed to the Renewal Reserve Fund. The renewal reserve fund generally responds to major repair, replacement and renewal of assets. The Renewal Reserve Fund is mandated by the Local Government Act (Act).
Section 706 of the Act states:
706: Renewal of works and related reserve funds (1) An improvement district must make adequate provision in advance to renew works when they require renewal and must raise amounts for that purpose. (2) The improvement district board must establish reserve funds for the purpose of renewal of works referred to in subsection (1), and amounts raised as required under that subsection must be credited to the applicable reserve fund. (3) Money in a reserve fund, and interest earned on it, must be used only for the purpose for which the reserve fund was established.
Tax invoices are issued on June 30 each year and are due on or before July 31. Taxes that remain unpaid after the due date, will be charged a late payment penalty of 15%. In addition, taxes in arrears or delinquent will be charged interest at Province prescribed rates. Taxes in arrears in excess of two years are subject to tax sale (section 718 to 726 of the Act)
View the current Assessment Bylaw and the current Taxation Bylaw by clicking on the links below.