The average residential assessment in Town of Ladysmith showed home values were up by about 4 point eight nine per cent.
But not everyone will face an increase in property tax as a result.
Mayor Aaron Stone says last year council settled on a significant increase in taxes to address some infrastructure issues but he says this year they managed to keep increases to a minimum… ..
It all boils down to the average homeowner, with an assessment that rose more than 3 per cent, seeing an increase in their property tax bill of 3 point one per cent.
The Financial Plan Bylaw is set to get the final stamp of approval May 2nd.
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