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MattersFinanceBYLAW NO. 2131First seen May 8, 2023Last discussed May 11, 2023

2023 property tax rates

Adopted

The bylaw sets 2023 property tax rates for municipal, regional district and regional hospital purposes across property classes, with a $1 minimum tax per parcel. The rates determine the property taxes levied for the year.

Where it stands: Bylaw adopted May 11, 2023.

Governing bylawNo. 2131

Tax Rate Bylaw 2023

For 2023, property taxes are levied on taxable land and improvements to fund municipal, Regional District and Regional Hospital District obligations. The tax rate depends on the property’s class, and the minimum tax on a parcel is $1.00.

Key rules and full textOfficial PDF

Background

Earlier and later steps of the same initiative.

  1. May 1, 2023

    2023 property tax rates

    Staff were directed to adjust tax-rate multiples so the 2023 tax increase would be spread more evenly across property classes. The rates determine how municipal property taxes are divided among residential, business and other properties.

Timeline

Every time this matter appeared in council records, newest first.

  1. May 11, 2023· Council

    2023 property tax rates adopted

    Adopted 7–0

    Final approval. The bylaw is now in force.

  2. May 8, 2023· Council

    First three readings for 2023 property tax rates

    Passed 7–0

    Council approved the content and final wording. Adoption is the last step.