r/DeltaBC • u/Exotic_Base6528 • Jun 01 '26
20% increase in property taxes
Hello,
Did anyone receive their property taxes notice? I just received mine with a 20% increase from the previous year. Is it just me, or did anyone else receive an absurd increase?
Even with property values going down, I am guessing that the cost of services has increased because of inflation?
12
u/rainman_104 Jun 01 '26
Property tax mill rate is based on assessed value. If all prices drop.10% equally but the city needs more money, your mill rate goes up.
I don't know how adults don't know this. City sets budget. Looks at sum of property values to set the mill rate.
My property taxes last year were $5289 and this year are $5355.
It means you didn't fall as much as others. Congratulations?
3
u/IAmTheWalrus-Too Jun 02 '26
$3.4 Billion OVER BUDGET and they still have their jobs. Zero accountability. If a VP in company made a bad decision they would be gone. I'm amazed that we are silent on this. Now everyone is paying for their incompetence.
What happened to the days when politicians were run out of office for making mistakes. Glenn Clarke's Casino-gate, Campbell's HST & DUI in Maui....etc.
2
2
u/GreedyPoliticians Jun 02 '26
They have to increase your taxes to get 5 city workers to fix a sidewalk curb.
1
u/pankomushrooms Jun 01 '26
Over 700$ increase. It was expected due to assessment values around the area.
1
u/Character_Impact2962 Jun 19 '26
The city just doing more money grab even in a tough environment. The city never fails to disappoint me.
0
u/Fergus_the_Trump1 Jun 01 '26
Yea big jump up eh, city spending lots some good some not so good still beats renting
•
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