Colwood City Hall (Black Press file photo)

Average Colwood homeowner will see about $56 municipal tax increase

Property taxes due by July 2

Property tax notices for Colwood residents are in the mail and the average residential property will see an increase of about $56 on the municipal portion of taxes.

The property tax rate — set by Council each year — combined with an assessed property value determines the amount of property tax payable each year.

Less than half of the revenue from property taxes is controlled by the City of Colwood. Funds collected for other government agencies are passed on to them, making the system more efficient for residents.

READ ALSO: Average Colwood homeowner may see tax increase of about $52

Annually, the City of Colwood collects about $30 million in property tax. About $15 million is collected on behalf of other government agencies like the Province of B.C. and school districts, the CRD, West Shore Parks & Recreation Society, Capital Regional Hospital District, BC Transit, Greater Victoria Public Library, and the BC Assessment Authority and Municipal Finance Authority.

The close to $15 million retained by the City funds services like police and fire protection, street lighting, road and drainage maintenance, operating parks and recreational facilities and planning and managing city developments and enhancements, according to the City of Colwood website.

Colwood Mayor Rob Martin said a portion of the tax increase — which is about 2.9 per cent for the average homeowner — is due to the introduction of the Employer Health Tax.

In February, Martin said community growth is also going to contribute to the tax increase, however, as development moves into the City the numbers will stabilize.

READ ALSO: West Shore property taxes see big jump in 2019 CRD financial plan

“We’re growing and we’re growing fast,” Martin said. “We’re going to see some short-term pressures from a tax lift standpoint.”

Factors contributing to the 2.9 per cent increase in 2019 are core operating budget increases, the City’s Sustainable Infrastructure Replacement Plan, an increase to reserve transfers and an allowance for tax appeals if necessary.

Property taxes are due by July 2, 2019. Homeowner grants can be claimed at

The taxes can be paid through online banking, in person at City Hall, through a 24-hour drop box at City Hall, at your bank, mailed to 3300 Wishart Rd. V9X 1R1, through your mortgage lender or through a tax deferral program.

More details about the 2019 to 2023 Financial Plan can be found at

Like us on Facebook and follow us on Twitter

Just Posted

UVic president offers condolences after two students killed in bus crash

‘We also grieve with those closest to these members of our campus community,’ Cassels says

GoodLife marathon helps enrich lives, share stories

Seniors’ care one of many causes supported by GoodLife Fitness Victoria Marathon

Central Saanich strawberry farmer reports bumper crop

Strawberry season could last well into October

Oak Bay community invited to News’ 5th annual readers tea

Oak Bay News, Carlton House host Sept. 17 afternoon tea

Tour Government House and other homes, enjoy art along the way

The Art Gallery’s 66th annual House Tour features artists at work, artistic floral displays

VIDEO: Greater Victoria, here’s the news you missed this weekend

Tragic bus crash, Pacific FC win and Terry Fox runs

VIDEO: Vancouver Island mayor details emergency response after fatal bus crash

Sharie Minions says she is ‘appalled’ by condition of road where bus crashed

Federal party leaders address gun violence after weekend shooting near Toronto

One teen was killed and five people injured in the shooting

Scheer makes quick campaign stop in Comox

Conservative leader highlights tax promises early in campaign

Conservatives promise tax cut that they say will address Liberal increases

Scheer says the cut would apply to the lowest income bracket

B.C. VIEWS: Cutting wood waste produces some bleeding

Value-added industry slowly grows as big sawmills close

Fewer trees, higher costs blamed for devastating downturn in B.C. forestry

Some say the high cost of logs is the major cause of the industry’s decline in B.C.

Federal food safety watchdog says batch of baby formula recalled

The agency says it’s conducting a food safety investigation

Coming Home: B.C. fire chief and disaster dog return from hurricane-ravaged Bahamas

The pair spent roughly one week on Great Abaco Island assisting in relief efforts

Most Read