Quesnel City Council unanimously gave the first three readings to the five year financial plan and the tax rate bylaw at Tuesday night’s meeting.
Kari Bolton, the Director of Finance, broke down what that meant to the average homeowner and to business owners.
“The average resident in Quesnel, valued at $354,656, will see an increase of $63.45 in the municipal tax portion of their property tax invoice, or $17.89 per 100,000 of assessment. A commercial business will see an increase of $84.62 per 100 thousand of assessment.”
The total tax collected this year went up by 5.5 percent.
The assessment of the average property in Quesnel went up by 2.6 percent this year.
That means that any properties with an assessment that went up by more than that will see a higher property tax increase, while any residential properties with an assessment increase lower than that will see a lower property tax increase.