News

Property-tax 'reduction' a first for White Rock: mayor

  - File
— image credit: File

It's official – White Rock homeowners will not see as big a jump in property taxes as expected.

Council voted unanimously last week (with Coun. Al Campbell absent) to give final reading to an amended 2014-'18 financial plan.

That means property taxes will increase by 2.36 per cent this year, instead of the 3.25 per cent that was approved by council in January.

Financial services director Sandra Kurylo said the change was possible due to an increase in revenue from new development.

Mayor Wayne Baldwin said the move is noteworthy.

"It will be the first time we have ever reduced taxes as a result of growth," he said.

"It's a good-news story."

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

 

 

We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.

You might like ...

B.C. government pitches LNG spinoffs
 
Two police officers hospitalized after being rammed by stolen truck in Surrey
 
Little Campbell trestle replacement on track
Winter arrives in Mission
 
CHAMBER CONNECTION: Building future community leadership
 
Burnaby prop house calls it a wrap after 38 years
Bundling up
 
B.C. budget still in the black, barely
 
Chamber of Commerce plans fully escorted trips to China

Community Events, November 2014

Add an Event


Read the latest eEdition

Browse the print edition page by page, including stories and ads.

Nov 20 edition online now. Browse the archives.