Tax hike confirmed for Courtenay taxpayers

Courtenay council approved Monday third reading of a tax rate bylaw calling for a 4.18-per-cent increase to property owners.

Courtenay council approved Monday third reading of a tax rate bylaw calling for a 4.18-per-cent increase to property owners.

The increased cost of the RCMP contract accounts for about two per cent. Debt repayments for the Lewis Centre renovation, and for infrastructure works and paving, are the other main factors in the 2013 budget.

Tax increase for a $280,000 property will be $32.75. Tax on commercial properties valued at slightly less than $675,000 will increase by $585.

Council had previously instructed staff to include the Menzies Road improvements in 2013, and to defer the proposed Valley View Drive sidewalk and Fifth Street Bridge rehabilitation to 2014. Grant opportunities will be explored for the latter.

Tax rate and financial plan bylaws must by adopted by May 15.

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