Kamloops property tax increase set at 3.4 per cent - InfoNews

Current Conditions

Mostly Cloudy
3.1°C

Kamloops property tax increase set at 3.4 per cent

April 27, 2016 - 12:00 PM

KAMLOOPS - The Kamloops property tax rate for this year has been finalized at 3.4 per cent.

The 3.4 per cent tax hike means Kamloops residents at $5.48 per $1,000 assesed property value.

For the average Kamloops home worth around $350,000 that’s about $1,918 for 2016, or an increase by $58 according to previous estimates from city director of finance Kathy Humphrey.

Last year property taxes went up 1.2 per cent or about $34 for an average household.

Businesses will be looking at rates of $14.02 per $1,000 of taxable value, while light industry is at $21.67 per $1,000 and heavy industry was brought down to $74 per $1,000.

Council lowered the tax rate for heavy industry this year after some debate and a letter from the city’s heavy industry taxpayers. Mayor Peter Milobar noted the Kamloops tax rates for heavy and light industries are notably higher than similar municipalities in B.C.


To contact a reporter for this story, email Brendan Kergin or call 250-819-6089 or email the editor. You can also submit photos, videos or news tips to the newsroom and be entered to win a monthly prize draw.

We welcome your comments and opinions on our stories but play nice. We won't censor or delete comments unless they contain off-topic statements or links, unnecessary vulgarity, false facts, spam or obviously fake profiles. If you have any concerns about what you see in comments, email the editor in the link above. 

News from © InfoTel News Ltd, 2016
InfoTel News Ltd

  • Popular penticton News
  • Comments
  • Police search for missing Kelowna woman
    KELOWNA - Kelowna RCMP are asking for the public's help in finding a missing 27-year-old woman. RCMP say Joenna Saunders was last heard from on Nov. 27. She was reported missing on Dec.
  • Girl opens Christmas present she gave to boy when she dumped him in 1971
    ST. ALBERT, Alta. - A man in Edmonton who made international headlines for holding onto a wrapped Christmas gift from a high-school girlfriend who dumped him nearly 50 years ago finally learned wh
  • Water quality advisory in effect in North Okanagan
    NORTH OKANAGAN - The district has issued a water quality advisory for the North Okanagan. The Regional District of North Okanagan Silver Star Water Utility in conjunction with Interior Healt
  • Kamloops Fire Rescue respond to McDonalds deep fryer fire
    KAMLOOPS - A Kamloops McDonalds was temporarily closed last night due to a small deep fryer fire. Kamloops Fire Rescue arrived at the McDonalds location in Sahali at about 11:30 p.m. last ni
  • Vernon fast food restaurant held up by man with syringe
    VERNON - RCMP are on the hunt for a suspect after a robbery at a Vernon restaurant earlier this week. A man threatened staff with an allegedly contaminated needle on Wednesday, Dec. 5, at Wr
View Site in: Desktop | Mobile