Those who live in the qathet Regional District will soon be getting their property tax notices, and the district says increases are on the way.
According to a media release, assessment percentages are scheduled to rise, and the district says it’s important residents understand why the increase is being applied.
“If your assessment percentage increase is the same as the average residential increase in your electoral area, then the qRD’s portion of your taxes will likely rise but only by the amount of the tax increase set by the Board,” the release says.
There is some relief, once residents get their tax assessments the district says people can apply for a homeowner grant from the province. The district says the amounts can vary but have typically followed the same principles for northern and rural areas.
“Properties in northern and rural areas can get up to $770 for the basic homeowner grant, and up to $1,045 where the homeowner is 65 years or older, or the homeowner is a person with a disability,” they add.
They say homeowners over the age of 55 could also be eligible for a property tax deferment if the applicant is over 55 or supporting a dependent child.
For more information visit the qathet RD finance website, or province’s assessment website.
