Property tax hike of 8.45 percent proposed for Sechelt
SECHELT, B.C. – Sechelt homeowners could be looking at an 8.45 percent property tax increase.
At the March 27 Committee of the Whole meeting, the committee endorsed a total property tax increase for 2019 of 8.45 percent, with 5.45 percent being for operational needs and three percent for general capital requirements.
According to a request from Doug Stewart, Director of Corporate and Financial Services, this is to “ensure the District has adequate funds available for the repair, refurbishment or replacement of its tangible capital assets.”
The first three readings of the bylaws passed unanimously by Sechelt council members, and the budget will come back to council for adoption in early May.