2011 Municipal Study - City of Brantford

Municipal Study 2011Commercial Comparisons—Hotels (cont’d)20112011 Municipal Education 2011 TotalCVA Taxes Per Taxes Per Taxes Per Relative TaxCommercial - Hotels Ranking Suite Suite Suite BurdenGrimsby high $ 1,287 $ 884 $ 2,171 highLondon mid $ 1,395 $ 856 $ 2,251 highWaterloo mid $ 1,238 $ 1,015 $ 2,253 highNorth Bay mid $ 1,523 $ 733 $ 2,256 highVaughan high $ 920 $ 1,344 $ 2,265 highNiagara Falls high $ 1,462 $ 940 $ 2,402 highHamilton mid $ 1,524 $ 891 $ 2,415 highCambridge high $ 1,391 $ 1,095 $ 2,486 highKingston mid $ 1,552 $ 1,005 $ 2,557 highGreater Sudbury mid $ 1,833 $ 814 $ 2,647 highOrangeville high $ 1,563 $ 1,207 $ 2,770 highNiagara-on-the-Lake high $ 1,783 $ 1,563 $ 3,346 highAverage $ 1,001 $ 735 $ 1,736Median $ 1,043 $ 754 $ 1,791Minimum $ 157 $ 240 $ 396Maximum $ 1,833 $ 1,563 $ 3,346The average number of rooms across the survey for hotel properties is 123 roomsThe average current value assessment per unit for hotels in the survey is $55,000 perroom, however, there was a significant range in terms of CVA values from $23,000 to$119,000Comparison of Relative Taxes239