Keeping increase to only two per cent is ‘amazing’ says Mayor Forrest. (Lexi Bainas/Gazette file)

Lake Cowichan residential taxes going up 2 %

The town’s working on a lot of capital projects and needs the funds, says mayor

Lake Cowichan’s taxes are going up two per cent this year, town council has decided.

That means the town’s portion of the taxes on a $300,000 home will be $1,100 this year. On a $500,000 home, that number would be $1,831.90 as Lake Cowichan’s residential tax rate is 3.66385.

Asked why taxes had gone up two per cent, Lake Cowichan Mayor Ross Forrest said, “We’re doing well over $10 million in capital improvements to the community. That’s a big part of it. The other is just the fixed costs that go up each year, with contractual obligations. I’m actually extremely happy that staff could keep it as low as two per cent. I think that’s amazing for the work that we’re doing in the community. I’m actually very pleased with it.”

The entire tax bill is another thing altogether, because it includes the hospital portion, the Cowichan Valley Regional District taxes, and school district taxes, too, said Lake Cowichan CAO Joe Fernandez.

“People make an assumption that when it’s two per cent, it’s two per cent on the total. That’s not correct, but that’s what they think. But it’s only two per cent on the municipal portion. We have no control over the portion of taxes that other governments levy.”

Ronnie Gill, the town’s director of finance, said, “Also, it depends on what happened to the assessments. Two per cent is average. But assessed value changes from year to year. So, depending on that, the municipal taxes on some properties may go down. There’s more than one factor involved.”

Just Posted

Editorial: Looking back at windstorm helps us prepare for next time

BC Hydro says it was the most destructive storm in its history

VIDEO: Mattress fire at Cowichan Hospital under investigation

The Cowichan District Hospital was locked down on Tuesday afternoon due to… Continue reading

VIDEO: Cowichan Secondary starts two-week run of ‘The Addams Family’ Jan. 16

The Cow High cast is ready, the stage is set: all they need is you so make tracks to see this show

Razor burn: Gillette ad stirs online uproar

A Gillette ad for men invoking the #MeToo movement is sparking intense online backlash

Feds poised to bolster RCMP accountability with external committee

Long-anticipated move is the latest attempt at rebuilding the force following years of sagging morale

Canada needs a digital ID system, bankers association says

The Department of Finance last week officially launched its public consultation on the merits of open banking

Second fatal crash occurs in Alberni Valley

Traffic on Highway 4 is being re-routed as investigators are en route

Indigenous energy summit includes session on pipeline ownership options

Steven Saddleback of the Indian Resource Council says a session will feature presentations on financing models

Japanese grand champion Kisenosato retires from sumo

The 32-year-old Kisenosato was the first Japanese-born wrestler in 19 years to gain promotion to sumo’s highest rank

UPDATE: Accused B.C. high school killer found fit to stand trial

Gabriel Klein is accused in the 2016 stabbing death of Letisha Reimer at Abbotsford Senior Secondary

Right-wing, neo-Nazi, white supremacist groups an increasing concern: Goodale

Ten people died in April 2018 when Alek Minassian allegedly drove a rental van down the busy stretch in Toronto

Most Read