Property taxes see slight increase in Esquimalt

Residents of Esquimalt will see a 1.96 per cent increase on their property taxes this year.

Residents of Esquimalt will see a 1.96 per cent increase on their property taxes this year, amounting to an average of an additional $46 per household.

According to Ian Irvine, director of financial services for the township, the average value of an Esquimalt home is pegged at $482,000 this year. For businesses, the average value is $796,000, amounting to tax increase of about $205.

Council was split on the proposed tax hike Monday night, with some voicing concerns the increase would have a negative impact on a business community that’s already dealing with high taxes.

Bill Lang, president of the Esquimalt Chamber of Commerce, hasn’t heard businesses complain about taxes in Esquimalt and said the increase is fair.

“We’re always trying to keep costs down for businesses… but there are things moving in Esquimalt,” said Lang, who estimates the township has between 800 to 900 businesses.

Last year, council approved a 2.15 per cent tax hike, amounting to a $210 increase for businesses and $49 for homes. The money generated from taxes goes towards a number of organizations, such as the CRD, schools and B.C. Transit.

Almost $170,000 will go into a contingency fund for significant capital projects like the Esquimalt Village Project (EVP) and water park, along with any unforeseen costs associated with sewage treatment.

Councillors have heard the business community stress the importance of the EVP, which is set to break ground in the spring of 2017. The project involves a 17,000 square-foot town square surrounded by a six-story building with 100 condos and 34 rental properties situated above commercial space on the ground level. Another five-story building will provide just under 50,000 square feet of office space that will also include a new library on the ground floor.

A water park is also in the works on an acre of land on Fraser Street next to the Esquimalt Recreation Centre.

Coun. Olga Liberchuck called the agenda for this term “ambitious,” which is why it’s important the township doesn’t have its hands tied financially.

“Comparatively, Esquimalt’s taxes are pretty low in the region,” she said. “I don’t think this is going to be driving away businesses to other municipalities.”

 

 

Just Posted

Working with offenders: a look at Correctional Service Canada

CSC is one of many vendors featured at the upcoming Black Press Extreme Education and Career Fair

Women in Business: Artist Sierra Lundy answers your questions

Black Press Media celebrates women who are making a difference

The Amazing Race host brings pizza fundraiser to Victoria

Host of The Amazing Race & 2010 Olympic Gold Medalist, Jon Montgomery, to host Pizza Pigout.

Matt Mays ready to howl into the Victoria night

Veteran Juno-winning rocker combines upbeat and mellower material for Oct. 22 show

Guilty verdict for man accused of setting fire to his Esquimalt rental property

Wei Li was arrested at airport with burns to face and hands

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

Camera licker, wind gusts and rare bird make headlines this weekend

Alcohol a possible factor in crash that killed 17-year-old girl near Williams Lake

A pickup truck left the road and rolled over on Highway 20 on the weekend

B.C. woman must pay $1,000 after unleashed dog bites another

Owner should never have left Bibi unattended, tribunal member wrote

Climate activist Greta Thunberg’s mural defaced in Edmonton

The eyes on the portrait were blacked out

App designed to help cut waste and grocery bills

Food security advocates say addressing poverty is ultimate key

Report suggests new BC Ferries terminal near YVR

Metro Vancouver currently has two ferry terminals at northern and southern reaches

B.C. scouting group’s tent destroyed by black bear on Thanksgiving

The Richmond-based Sea Dragon Sea Scouts were camping at Mount Seymour Provincial Park

BC Ferries crew member taken to hospital after getting struck by bow doors

Two sailings between Horseshoe Bay and Departure Bay were cancelled

Most Read