Penticton homeowners looking at 2.9% property tax increase next year | iNFOnews | Thompson-Okanagan's News Source

Current Conditions


Penticton News

Penticton homeowners looking at 2.9% property tax increase next year

Image Credit: FILE PHOTO
December 11, 2019 - 4:47 PM

Penticton homeowners are looking at a property tax hike of 2.9 per cent next year.

Penticton city council's budget deliberations for 2020 got underway yesterday, Dec. 10, and chief financial officer Jim Bauer said the tax hike would incorporate a two per cent cost of living increase and an additional 0.9 per cent to initiate three council priorities identified earlier this fall.

The proposed increase would add $6.08 to the average monthly residential tax bill.

Bauer said the proposed Penticton tax increase is the fourth lowest amongst 11 other B.C. cities polled, where tax increases ranged from 2.8 per cent to five per cent. He also the increase would be the lowest when compared to Vernon, Kelowna, Summerland and West Kelowna.

In addition to maintaining existing services, Bauer said the proposed budget would also provide funds to begin implementation of council’s initiatives, which include asset and amenity management, community design and community safety actions.

Budget meetings will continue tomorrow, Dec. 12, in council chambers at Penticton City Hall.

To contact a reporter for this story, email Steve Arstad or call 250-488-3065 or email the editor. You can also submit photos, videos or news tips to 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 © iNFOnews, 2019

  • Popular penticton News
View Site in: Desktop | Mobile