Peter de Verteuil, Duncan’s CAO, got to deliver the good news that taxes are likely going down for many in the City of Duncan this year. 
(Citizen file)

Peter de Verteuil, Duncan’s CAO, got to deliver the good news that taxes are likely going down for many in the City of Duncan this year. (Citizen file)

Duncan taxes may fall for single-family homes

Council gives first three readings to updated five-year financial plan

Municipal taxes for the average single-family home in Duncan in 2018 could see a decrease for the first time in more than 10 years.

Taxes for the average business property in Duncan could also be less in 2018.

That’s because there are significant new property assessments in the city due to new construction this year, providing the opportunity for additional funds to be contributed towards capital expenditures without major impacts to current property owners.

Duncan’s city council gave the first three readings to its updated five-year financial plan at its meeting on Jan. 22.

FOR RELATED STORY, CLICK HERE

The city’s business properties did see decreases in their municipal taxes in 2016 and 2017, but the closest single-family homes have had to a decrease in their taxes in the last decade was a small 0.3 per cent increase in 2014.

Peter de Verteuil, Duncan’s CAO, said that while the city’s draft plan results in decreased taxes for some property types in 2018, it is not decreasing the total taxes collected.

“After adjusting for new construction, which adds 1.35 per cent in new taxes collected, existing properties will be contributing an additional 3.48 per cent in taxes collected,” he said.

“However, how this 3.48 per cent is distributed differs depending on the class of property and how that property increased or decreased in relation to the average.”

De Verteuil said the final tax rates for the city for 2018 won’t be determined until the revised assessments from BC Assessment are received this spring, after all the appeals are completed and the numbers are updated.

Even though many property owners saw an increase in their property assessments this year, de Verteuil said the city is projecting a decrease of approximately $11 from municipal taxes for an average single-family dwelling in 2018, and a decrease of about $42 for the average business property.

However, the average residential strata unit in the city is projected to see an increase of approximately $51 in the municipal portion of their taxes.

De Verteuil said that’s because the assessments of strata properties in Duncan increased by so much in relation to single family homes in 2018, they will likely end up with an increase in taxes instead of a reduction.



robert.barron@cowichanvalleycitizen.com

Like us on Facebook and follow us on Twitter

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Cowichan Valley Capitals defenceman Logan Rands pokes the puck away from Alberni Valley Bulldogs forward Talon Duff. (Elena Rardon/Black Press Media)
Offence sags as Cowichan Capitals reach midway mark

Caps score one goal in three games as pod season continues

BCYP Minister for the Southern Interior, Aislinn Dressler of Fernie said the Youth Parliament being virtual was a great way to learn about how the BC Parliament was operating. (Photo contributed by Aislinn Dressler)
Applications open for Islands Youth Parliament

Applications must be received by April 23

Someone used this counterfeit $50 to pay for items at the Hospital Auxiliary Thrift Store in downtown Duncan in April 2021. (Kevin Rothbauer/Citizen)
Duncan businesses warned of counterfeit cash

Fake $50 passed at Hospital Auxiliary Thrift Store

Martin Drakeley, North Cowichan’s manager of fire and bylaw services, says the municipality’s fire halls have responded to more fires than usual this spring. (File photo)
Dry weather, wind leads to more brushfires this spring in North Cowichan

‘Be safe. Be fire smart. Be situationally aware.’

A large crowd protested against COVID-19 measures at Sunset Beach in Vancouver on Tuesday, April 20, 2021. (Snapchat)
VIDEO: Large, police-patrolled crowds gather at Vancouver beach for COVID protests

Vancouver police said they patrolled the area and monitored all gatherings

A teacher-librarian in Nanaimo was fired in 2019 for checking out an age-inappropriate graphic novel to a student. The discipline agreement was published Wednesday, April 21. (News Bulletin file photo)
Nanaimo teacher-librarian fired for checking out too-graphic graphic novel to student

Teacher had been previously disciplined and suspended on two occasions

Aria Pendak Jefferson cuddles ChiChi, the family cat that ran away two years ago in Ucluelet. The feline was missing until Courtney Johnson and Barry Edge discovered her in the parking lot of the Canadian Princess earlier this month. Aria and her parents were reunited with ChiChi in a parking lot in Port Alberni. (SUSAN QUINN/ Alberni Valley News)
An Island girl’s wish is answered as her cat came back

Courtenay family reunited with cat that went missing in Ucluelet in 2019

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Vancouver Island Connector and Tofino Bus is putting a 41-passenger electric bus through its paces in a three-month trial run between Nanaimo and Victoria. (Photo submitted)
Electric bus on trial run serving Victoria-to-Nanaimo route

Vancouver Island Connector and Tofino Bus trying out 41-seat electric coach for three months

FILE – The Instagram app is shown on an iPhone in Toronto on Monday, March 19, 2018. THE CANADIAN PRESS/Graeme Roy
Judge acquits B.C. teen boy ‘set up’ on sex assault charge based on Instagram messages

The girl and her friends did not have ‘good intentions’ towards the accused, judge says

Kai Palkeinen recently helped a car stuck on the riverbed near the Big Eddy Bridge. While the car could not be saved, some of the driver’s belongings were. It’s common for vehicles to get stuck in the area due to significantly changing river levels from Revelstoke Dam. (Photo by Kai Palkeinen)
“I just sank a car’: Revelstoke resident tries to save vehicle from the Columbia River

Although it’s not permitted, the riverbed near the city is popular for off roading

Meng Wanzhou, chief financial officer of Huawei, walks down the street with an acquaintance after leaving B.C. Supreme Court during a lunch break at her extradition hearing, in Vancouver, B.C., Thursday, April 1, 2021. A judge is scheduled to release her decision today on a request to delay the final leg of hearings in Meng Wanzhou’s extradition case. THE CANADIAN PRESS/Rich Lam
B.C. judge grants Meng Wanzhou’s request to delay extradition hearings

Lawyers for Canada’s attorney general had argued there is no justification to delay proceedings in the case

B.C. Premier John Horgan announces travel restrictions between the province’s regional health authorities at the legislature, April 19, 2021. (B.C. government photo)
B.C. sees 862 more COVID-19 cases Wednesday, seven deaths

Recreational travel restrictions set to begin Friday

Most Read