News

White Rock tax rethink

White Rock residents may be paying lower-than-expected property taxes. - Tracy Holmes
White Rock residents may be paying lower-than-expected property taxes.
— image credit: Tracy Holmes

White Rock homeowners may not see as big a jump in property taxes as expected.

The bump will be 2.36 per cent – instead of the 3.25 per cent approved in January – provided council approves an amendment to its 2014-2018 financial plan.

The dip would mean a property-tax increase of $70 for the average homeowner (compared to $96), and $25 for the average strata (compared to $35).

Council is to consider the change – due to more revenue from new development – this evening, after Peace Arch News’ press deadline.

Other items in the amended bylaw include an updated Epcor hydrant levy for 2014. The figure – $488,124 – is $122,601 higher than the last year's levy; a jump of 34 per cent.

 

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