Residents in Parksville can expect to be paying more in taxes after council adopted a property tax increase of 5.5 per cent.
According to council, the increase includes investments in capital assets and infrastructure renewal and will cost the average-priced home in the region approximately $141.
The increase also reflects an increase of six per cent in metered water and water parcel tax rates and an increase of six per cent in sanitary sewage usage and parcel rates.
Several projects have been included in the 2025-2029 financial plan including high ticket items of $5.1 million for ERWS water treatment plan upgrades, $3.7 million per year for roads and drainage infrastructure renewal, and $1.9 million for a drinking water master plan.
Tax notices will be sent out by the end of May, and residents are encouraged to pay before the July 2 deadline to avoid a five per cent penalty.
For details of the financial plan, visit the city’s website.
