Alberni homeowners to see two dollar residential taxes increases

Port Alberni homeowners will pay only $2 more in residential taxes this year than they did last year.

The average homeowner who lives in within Port Alberni city limits will pay only $2 more in residential taxes this year.

The announcement was part of city finance manager Cathy Rothwell’s five-year financial plan presentation to city councillors at their Monday meeting.

The plan passed three readings, and will proceed to final adoption at council’s next meeting

According to Rothwell, this year a home with an assessed value of $200,000 will pay $1,478 in residential taxes.

That same home last year had an assessed value of $192,000 and paid $1,476 in residential taxes.

The city will lower its industrial tax rate by $425,000 again this year.

And business taxes will see no increase.

Increases in residential and business tax rates will see modest two per cent increases in subsequent years.

Residential taxes represent 54 per cent of the total amount of taxes the city takes in.

Industry and business represent 28 and 16 per cent respectively.

“Industry used to represent the majority of tax revenue 10 years ago but we’re seeing a gradual shift toward residential now,” Rothwell said in an interview.

The city anticipates $114,000 in additional gaming money from additional gaming slots.

The funds will be allocated to Echo Centre to avoid summer pool closure, to support the city’s economic development department, and to community development.

A detailed review of the city’s reserve funds will be given to council at their next meeting.

reporter@albernivalleynews.com

Just Posted

Beaver Creek club looking for name for new park

The Beaver Creek Community Hall is holding an online contest

Franklin Expedition exhibit opens at Alberni Valley Museum

Echoes in the Ice: Finding Franklin’s Ship runs until June 8 in Port Alberni

Port Alberni’s Smood skates with Vancouver Canucks

Minor hockey player chosen as ‘seventh man’ for NHL game

Port Alberni’s art centre welcomes $19K donation

100 Women Who Care choose Rollin Art Centre for latest donation

Who’s got the best ribs in Port Alberni?

Family Food Fest seeks entrants to annual rib contest

REPLAY: The best videos from across B.C. this week

In case you missed it, here’s a look at the replay-worth highlights from this week in the province

Leivo nets shootout winner as Canucks edge Stars 3-2

Schaller scores first 2 goals of season for Vancouver

UBC study shows honey bees can help monitor pollution in cities

Scientists analyzed beehives in high density urban areas to those off on Galiano Island

B.C. man mourns the loss of classmate killed in New Zealand mosque attack

When he heard news of the attack, he sent a message to his friend

Ethiopia minister: ‘Clear similarities’ in Boeing crashes

Both the flight data recorder and the cockpit voice recorder were sent to Paris for analysis

Most Read