When reviewing these values, calculated from 2006 Ministry of Community Services Data, it is important to keep in mind that the “Estimated Total Assessed Value” is NOT what Vantreight Farms will realize from the project. This amount is based on the assessed value of the total project at completion, including all lands and buildings. The “Total Residential Property Taxes and Charges” is the annual value of tax dollars, which will be generated from these three types of land uses.

Total Farm Taxes currently generated for the Municipality from this parcel is $2,984. As you can see there is a substantial opportunity for Central Saanich to increase its tax base.