Property taxes in the City of Kelowna will climb just under three per cent this year.
Kelowna city council has approved the 2018 Financial Plan, with a strong emphasis on safety.
On Monday, council gave the nod to a municipal tax increase of 2.99 per cent – the lowest it has been since 2014.
A tax rate of 2.99 per cent means the owner of a single-family home with an average assessed value of $641,760 will pay $1,990 for the municipal portion of their property taxes, says a city press release.
“It’s not uncommon for there to be a change from provisional to final budget,” says Financial Planning Manager George King. “Our role is to manage finances to ensure residents continue to enjoy City services they have come to expect, receive value for their tax dollars and that we continue to protect our infrastructure. The 2018 budget delivers just that, while reducing the tax rate from what was anticipated back in December.”
The budget adds a total of 20 front-line safety personnel this year, including four bylaw officers.