Property tax increases set for approval
North Cowichan Council has given third reading to it’s Five-Year Financial Plan Bylaw and the Tax Rates Bylaw.
The documents propose a 2 point 9-5 per cent tax increase for homeowners this year.
For an average home in North Cowichan, valued at just over 445,000 dollars, it means a property tax increase of just about 49 dollars.
The City of Duncan is also poised to adopt its 2019 Tax Rates Bylaw and Financial Plan.
It’s proposing a 2 point 9 per cent increase.