Taylor to increase tax rate by 4.5 per cent

TAYLOR, B.C. — The District of Taylor will pass a bylaw that will increase taxes by 4.5 per cent across all taxation classes for 2023. 

The new bylaw was read for the first three times at the latest council meeting on April 17th. 

The initial discussion and decision on the tax increase took place at the committee of the whole meeting on February 6th after a presentation by director of corporate services, Tyla Pennell. 

According to the presentation, the district is running an operational budget of $9.2 million, and a capital budget of $8.3 million. 

The 2023 tax rate of 3.7875 would see the average Taylor property owner with a tax assessment of $159,000 will be paying $602.21 per year, or approximately $50.18 a month. 

Furthermore, the 4.5 per cent tax increase from last year is only relevant to rates set by the District of Taylor, and does not apply to other tax rates set by the Peace River Regional District. 

This bylaw is the final step in the 2023 budget. After it passes, the district can proceed to issue taxation notices for residents. 

According to corporate services agent for the district, Jennifer Craig, the tax increase bylaw is up for official adoption at the May 1st regular council meeting. 

The full 2023 taxation bylaw for the District of Taylor can be read below: