Oak Bay hikes property tax 7.34 per cent

Oak Bay hikes property tax 7.34 per cent

Costs to address aging infrastructure drive tax increase

Property owners in Oak Bay are facing one of the steepest property tax hikes in the region after Oak Bay council approved on Monday an average increase of 7.34 per cent in adopting the 2019-2023 financial plan.

It’s up from last year, when council approved a 5.57 per cent tax increase.

“The 2019 budget reflects an attempt to address long-deferred investment in our critical infrastructure, a move intended to reduce long-term operational costs,” said Mayor Kevin Murdoch.

READ MORE: Oak Bay 2018 budget shows 5.57 per cent tax increase

The average home in Oak Bay is valued at $1.4 million by B.C. Assessment Authority, which equates to a property tax increase of approximately $262 per household, or just over $5 a week.

Oak Bay’s roads, buildings, underground pipes, parking lots and other infrastructure are aging and in need of repair. The increase prioritizes infrastructure maintenance and renewal as it seeks to close an ongoing funding gap for infrastructure costs.

“It is council’s responsibility to ensure the long-term sustainability of our community,” Murdoch said.

Most of the increases in the financial plan are long-term funding commitments to allow for better project planning, Murdoch noted.

READ ALSO: Interactive budget tool launched in Oak Bay

Leading figures are a 30 per cent increase of $220,000 in the road repair budget and the first installment of $5.28 million (over four years) for infrastructure renewal.

“Council recognizes the significant impact tax increases have on our residents, however we also know that moving these projects forward will enhance public safety and that delaying them will only result in higher costs in the future,” explained Murdoch.

Oak Bay did reach out to residents through citizen engagement in 2018 and early 2019 with multiple public strategic planning and budget meetings with public input and an open house. It also used the Citizen Budget online budget simulator that allow residents to indicate their priorities for tax allocation. The Citizen Budget was live for one month, Feb. 15 to March 15.

– This story was updated on May 22 to omit an incorrect total projected budget for 2019.

reporter@oakbaynews.com

Just Posted

Tyson Muzzillo, regional manager of BC Cannabis Store, welcomes shoppers to their Uptown location, opening on June 16. (Megan Atkins-Baker/News Staff)
Government-run cannabis store opening at Saanich’s Uptown

BC Cannabis Store the first for government in Greater Victoria, 27th in province

Law Enforcement Torch Run in support of Special Olympics B.C. kicks off with a run at Swan Lake on June 6. The virtual fundraiser runs until June 20. (Saanich Police/Twitter)
Torch run seeks to scorch previous fundraiser, targets $75,000 for Special Olympics

Global movement shoots for 40,000 km in honour of the 40th anniversary

West Shore RCMP K9 Halla. (Black Press Media file photo)
Sound of RCMP dog enough to stop suspects in Oak Bay

West Shore RCMP K9 unit called in, didn’t get to chase

Colin Davidson won $100K on a Set for Life scratch ticket in Sooke. (BCLC photo)
Sooke man does ‘happy dance’ after scratching a $100,000 Set for Life win

Colin Davidson plans to renovate his home and invest in his daughter’s education

Proposed design for the Topaz Park bike and skate park elements. (Courtesy City of Victoria)
Victoria requesting feedback on Topaz Park redesign

Public input now being taken for proposed skate, bike park ideas

People watch a car burn during a riot following game 7 of the NHL Stanley Cup final in downtown Vancouver, B.C., in this June 15, 2011 photo. THE CANADIAN PRESS/Geoff Howe
10 years ago: Where were you during the 2011 Vancouver Stanley Cup Riots?

Smashed-in storefronts, looting, garbage can fires and overturned cars some of the damage remembered today

(Black Press Media file)
Dirty money: Canadian currency the most germ-filled in the world, survey suggests

Canadian plastic currency was found to contain 209 bacterial cultures

(pixabay file shot)
B.C. ombudsperson labels youth confinement in jail ‘unsafe,’ calls for changes

Review states a maximum of 22 hours for youth, aged 12 from to 17, to be placed in solitary

Eleonore Alamillo-Laberge, 6, reads a book in Ottawa on Monday, June 12, 2017. THE CANADIAN PRESS/Sean Kilpatrick
Parents will need to fight ‘COVID learning slump’ over summer: B.C. literacy experts

Parents who play an active role in educating their children this summer can reverse the slump by nearly 80%, says Janet Mort

The border crossing on Highway 11 in Abbotsford heading south (file)
Western premiers call for clarity, timelines on international travel, reopening rules

Trudeau has called Thursday meeting, premiers say they expect to leave that meeting with a plan

The B.C. government’s vaccine booking website is busy processing second-dose appointments, with more than 76 per cent of adults having received a first dose. THE CANADIAN PRESS/Jonathan Hayward
B.C.’s COVID-19 infections, hospitalizations stable for Tuesday

108 new confirmed cases, 139 in hospital, 39 in intensive care

Cowichan Tribes man Adrian Sylvester is worried that he was targetted by a trailer hitch thrown from a vehicle. (Facebook photo)
Cowichan Tribes man worried he was target of trailer hitch

Adrian Sylvester says no one has reported a missing hitch after one nearly hit him

Graeme Roberts, who was mayor of Nanaimo from 1984-86, died this month at age 89. (Photo courtesy Nanaimo Community Archives)
City of Nanaimo flags at half-mast as former mayor Graeme Roberts dies at 89

‘Giant-killer’ beat out Frank Ney in mayoral election in 1984

CVSAR search the Puntledge River following a report of an abandoned kayak. Photo, CVSAR Facebook page
Comox Valley Search and Rescue spends four hours searching for no one

Overturned kayak a reminder for public to contact officials if they have to abandon a watercraft

Most Read