Port Alberni homeowners may be paying nearly six per cent more in property taxes this year, city manager Ken Watson said.
The development was announced by Watson during his update on the city’s draft five-year financial plan at council’s Feb.13 meeting.
The plan calls for residential homeowners to pay 5.6 per cent in property taxes this year.
According to the city’s draft document, the owner of a home valued at $195, 276 would pay $1,563 in property taxes this year, or $75 more than last year.
Residential taxes account for 57 per cent of the city’s tax base, the document noted.
Business are also projected to see a 1.3 per cent increase in taxes they pay.
And major industry is slated to pay nine per cent less in their taxes.
The city is seeing an aggregate increase in taxes of only 2.3 per cent, Watson said.
The draft plan will be presented in more detail when it is released for public comment starting Wed. Feb. 15 at the Capitol Theatre.
The plan can be found at the city’s website http://www.portalberni.ca/node/459. A budget summary page is located at the bottom of the document.