(ADAM PROSKIW / iNFOnews.ca)
May 01, 2017 - 9:00 PM
KELOWNA - Property taxes in Kelowna will be going up by 3.84 per cent next year as city council approves the budget for 2017.
The owner of house with an average assessed value of about $556,000 will pay about $1,900 more in propery taxes, according to a City of Kelowna media release.
In December, 2016 council provisionally approved a tax increase of 3.86 per cent. The final tax rate is set after council decides which projects to support and a review of the budge is complete.
“We often see changes between provisional and final budget,” financial planning manager George King says in the release. “This final budget, we saw a decrease in franchise fee revenues from Fortis B.C. due to lower commodity costs, and a funding request for construction of a 20 km paddle trail from Bertram Creek to McKinley Landing.”
"These adjustments were offset by an increase in new construction revenue.”
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