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Water & Sewer Assessment Scale
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Assessment Scale
Municipal & Private Utilities
Section 15 of the Island Regulatory and Appeals
Commission Act enables the Commission to levy assessments to water and
sewer utilities that are subject to regulatory supervision.
Assessments are calculated based on a utility's previous
year revenues as reported in the their annual report filing, in accordance
with the following scale:
|
|
REVENUE RANGE ($) |
PREVIOUS
ASSESSMENT
RATE |
CURRENT
ASSESSMENT
RATE |
CHANGE |
|
0 - 5,000 |
$275.63 |
$275.63 |
0.00% |
|
5,001 - 10,000 |
$441.00 |
$441.00 |
0.00% |
|
10,001 - 50,000 |
$716.63 |
$716.63 |
0.00% |
|
50,001 - 100,000 |
$1,102.50 |
$1,102.50 |
0.00% |
|
100,001 - 250,000 |
1.23480% |
1.23480% |
0.00% |
|
250,001 - 500,000 |
1.21275% |
1.21275% |
0.00% |
|
500,001 - 750,000 |
1.19070% |
1.19070% |
0.00% |
|
750,001 - 1,000,000 |
1.16865% |
1.16865% |
0.00% |
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1,000,001 - 1,250,000 |
1.14660% |
1.14660% |
0.00% |
|
1,250,001 - 1,500,000 |
1.12455% |
1.12455% |
0.00% |
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1,500,001 - 1,750,000 |
1.10250% |
1.10250% |
0.00% |
|
1,7550,001 - 2,000,000 |
1.08045% |
1.08045% |
0.00% |
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2,000,001 - 2,500,000 |
1.05840% |
1.05840% |
0.00% |
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