Services Levy and Rural Taxes

Owners of homes in the UNA pay a Rural Tax to the Province of British Columbia and a Services Levy to UBC. The two added together are comparable to the City of Vancouver municipal tax for a similarly assessed property. The Services Levy is collected as a ‘landlord charge’ or additional rent and is, then, deposited into the Neighbours’ Fund which funds the UNA Operating Budget. 

For more information about your Services Levy, please contact the UBC Finance office at 604-822-3596 or visit www.finance.ubc.ca.

For more information about the Rural Property Tax, please contact 604-660-2421 or direct 250-387-0555, or visit www.sbr.gov.bc.ca/individuals/Property_Taxes/Rural_Property_Tax/rpt.htm.

For other useful contact information, please check the 2008-2009 Blue Book Reference Guide.

Neighbours’ Fund

The Services Levy is deposited into the Neighbours’ Fund, which is a separate fund within UBC finances. The UNA Annual Operating Budget receives funds from the Neighbours’ Fund to provide municipal-like services to the residents of the UNA. The Neighbours’ Fund is made up of the annual Services Levies collected from UNA homeowners and surpluses from prior years. Surpluses are allocated to four Reserve Funds within the Neighbours’ Fund:

• Infrastructure Replacement (used for streets, water, and lights)
• Capital Replacement (used for maintenance of the community centre building and play equipment in UNA parks)
• Rate Stabilization (to guard against unforeseen changes in the City of Vancouver tax rates)
• Operating Contingency (to provide for unanticipated annual financial needs)