Proposed Kelowna property tax hike still more than 4% | iNFOnews | Thompson-Okanagan's News Source

Current Conditions

Mainly Sunny

Kelowna News

Proposed Kelowna property tax hike still more than 4%

Kelowna City Hall
April 22, 2021 - 4:24 PM

Kelowna city council will be asked on Monday to approve a 4.04 per cent tax increase for 2021, down slightly from the 4.27 per cent set in its provisional budget last December.

That works out to a tax increase of approximately $85 for the owner of an average residential property, a City of Kelowna news release states.

The higher tax rate in December would have resulted in a $90 per month increase.

READ MORE: Property taxes in Kelowna projected to rise by over 4 per cent next year

The decrease comes despite the fact council will be asked to contribute another $100,000 to Journey Home this year, in addition to the $150,000 it has already promised.

There are a couple of other increases in spending that are offset by revenue from new construction and a FortisBC franchise fee increase.

To contact a reporter for this story, email Rob Munro or call 250-808-0143 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 © iNFOnews, 2021

  • Popular penticton News
View Site in: Desktop | Mobile