This year, the non-homestead sector, which comprises 33 percent of
total taxable assessed value in the city, took on 45.8 percent of the levy.
The tax rate will be 0.5 per cent of
the taxable assessed value for 2018, and 2 per cent thereafter.
The adjusted base proportions are used to determine
the taxable assessed value for each of the individual classes, therefore, shifts in these amounts could cause larger than normal tax increases, which would result in uncertainty for the taxpayer.