Esquimalt tax hike pegged at 0.5 per cent

Increase means an extra $12 per household

Residents of Esquimalt will pay an extra $12 per household on their municipal taxes this year following council’s approval of a 0.5 per cent tax increase.

The green light was recently given to the 2017 budget of $42.6 million, which includes $7.6 million for capital costs and infrastructure improvements.

Leading up to the approval Monday night, Acting Mayor Beth Burton-Krahn said many property owners had expressed concern about their new assessments, which have jumped by approximately 15 per cent.

“We have tried to keep the increase low due to the high assessments that have come in while still working to both maintain service levels, put money into our reserve accounts and have funds available for capital projects as well,” said Burton-Krahn, noting several developments will take shape this year, including the Esquimalt Town Square and splash park on Fraser Street.

“Esquimalt can still provide the same level of services residents have come to expect as well as put some money into our reserve accounts.”

According to a staff report, property taxes account for approximately 40 per cent of the township’s revenue. The other major source is Payment in Lieu of Taxes (PILT), which is provided by the federal government for the CFB Esquimalt properties, and accounts for approximately 32 per cent of total revenue.

The report notes the township’s tax rates are difficult to compare with other municipalities in the Capital Regional District (CRD) since it provides its own police, fire, recreation and library services, which are either cost-shared or provided on a volunteer basis by other municipalities. The township also has a limited retail base and comparably lower assessed values than other municipalities, therefore it must fund higher costs through fewer sources, which results in higher tax rates.

The average assessment of a single family home in Esquimalt for 2017 is pegged at $556,000 compared to $483,000 last year, according to BC Assessment. Oak Bay has the highest assessment in the region at $1,036,000, followed by the District of Saanich at $836,000.

Just Posted

Talking about tubas! Annual concert attracts hundreds to Market Square

The 2019 edition of Tuba Christmas concert and fundraiser goes this Saturday in the square

Free fun in Victoria this weekend includes skating, photos with Santa

Skate at Save-On-Foods Memorial Centre Friday, photos with Santa Saturday

Victoria Foundation’s community grants support 109 local non-profits

Foundation delivers $2.8 million in grant money to local organizations

Victoria restaurant gets one-year extension after facing renoviction

Pluto’s Restaurant set to stay at its Cook Street location until March 2021

Saanich vet talks tips for winter travel with pets

Going to see the vet the day before a trip is never a good idea

Fashion Fridays: A masterclass on H&M knitwear

Kim XO, helps to keep you looking good on Fashion Fridays on the Black Press Media Network

B.C. Crown corporation immune from taxation, but still might have to pay GST: Court

British Columbia Investment Management Corporation may still be on hook for GPS payments

Greater Victoria wanted list for the week of Dec. 10

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

POLL: Do you have a real or artificial Christmas tree?

The lights are up, holiday shoppers are bustling through the streets and… Continue reading

‘He was good for the West:’ Sadness, surprise in Saskatchewan over Scheer

Saskatchewan Premier Scott Moe and his predecessor, Brad Wall, both thanked Andrew Scheer

Poll suggests travellers know little about air-passenger rights

The first set of passenger-rights rules landed in mid-July and the rest this weekend

Johnson claims Brexit mandate with new conservative majority

Conservative Party wins 365 seats in the House of Commons

‘British Columbians are paying too much’: Eby directs ICBC to delay rate application

Attorney General David Eby calls for delay in order to see how two reforms play out

Most Read