Be ready for a higher tax bill, as Nanaimo’s property tax goes up by 7.8 percent this year.
On the May 12 council meeting, city council adopted their Financial Plan for 2025 to 2029 and this year’s Property Tax Rate bylaws.
With the tax going up, the average home’s tax bill will see an extra $222 annually or $18.50 per month.
The city says the financial plan will include investing in the Stadium District and climate action projects, the second phase of their Westwood Lake Park Amenity Improvement project, 10 new safety officers, 20 new firefighters, and utility upgrades for Townsite.
Mayor Leonard Krog says they are making these investments to support growth for the community.
“Whether it be improving our sports and recreation spaces, upgrading ageing infrastructure or responding to public safety concerns, this budget reflects Council’s commitment towards building a stronger, more sustainable and more resilient community,” said Krog.
The city says while tax notices are being prepared, their delivery could be delayed by a potential Canada Post Strike.
To deal with this, you can access your notice online at mycity.nanaimo.ca as early as May 14, with those already registered for email notifications through MyCity to get their notices May 16.
For paying property taxes, you could pay either through your financial institution or in-person at the Service and Resource Centre on Dunsmuir Street.
You have until July 2 to pay.
