Call it a case of beer or a restaurant meal. Any way you frame it, Langford homeowners will be paying about $26 more in property taxes this year.

Langford is proposing a 2.9 per cent residential tax hike for 2012, which amounts to a $26 increase for the average $415,000 home. The municipal portion of an average Langford tax bill will be $932, according to a staff financial report.

That translates to about $224 in taxes per $100,000 of a propertyB次元官网网址檚 value. Even with the modest hike, LangfordB次元官网网址檚 administration points out the CityB次元官网网址檚 municipal tax rate is lowest among the Capital RegionB次元官网网址檚 13 municipalities.

B次元官网网址淭he proposed 2.9 per cent tax increase in the face of increased costs for growing infrastructure and the difficulties of the current economic environment has been a challenge,B次元官网网址� said a finance committee financial report. B次元官网网址淏ut Langford's economic position is still strong relative to other areas.B次元官网网址�

Langford will collect nearly $12 million in property taxes this year, about 62 per cent of the total. Langford commerical businesses had their tax rate cut slightly (as did light industry and recreational and non-profit properties), and will pay about $7 million in taxes or 37 per cent of the total.

Businesses will pay three times the property tax of residential, down from a multiple of 3.16 last year.

editor@goldstreamgazette.com