Sooke property owners can expect a decrease in municipal taxes this year due to a change in B.C. Assessment data.
The non-market property revenue increase has caused the average assessed home to drop to $805,722, while property taxes have decreased to $75 from the previously forecasted $100.
Sooke council voted for 6.99 property tax hike in 2023, down from the 9.3 per cent first proposed.
The increase is still more than double the districtB次元官网网址檚 10-year average tax increase.
After weeks of negotiations between staff and council, the budget was approved Monday.
Staff presented a draft operating budget of more than $44 million last month, but council told staff to come back with suggested cuts. Staff presented these scenarios three weeks ago, making $250,000 in cuts without affecting police officer and firefighter hiring plans.
The largest chunks of the budget will go to fire rescue, RCMP, roads and underground services, parks and environmental services.
The new budget includes capital spending on the Charters corridor, Church Road roundabout, Little River Crossing and Ravens Ridge Park recreation amenities project.
B次元官网网址淚 think we did the best we could do with the budget,B次元官网网址 Mayor Maja Tait told Black Press earlier this month. B次元官网网址淚 know that any increased cost right now is hard for people to bear.B次元官网网址
SookeB次元官网网址檚 budget numbers represent the municipal portion of taxes only. They do not include taxes levied by other agencies: School District 62, the Vancouver Island Regional Library, Capital Regional District, Island Health, the Municipal Finance Authority and B.C. Assessment.
Property Taxes are due July 4.
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