They’re right here: SCRD releases its 2023 property taxes charges
Most Coast property homeowners will see increased numbers on the SCRD normal taxation line this yr as adjusted charges mix with increased dwelling values
2023 normal property tax charges from the Sunshine Coast Regional District (SCRD), exhibiting elevated charges for all however three areas, have been launched on March 20.
The charges are reported in {dollars} per $100,000 of assessed property worth, and this yr they vary from $87.06 to $268.40, relying on the world the property is situated in. They are slated to extend over 2022 charges by $1.80 in Space F (Howe Sound) and $4.05 in Space D (Roberts Creek). A $3.86 improve is projected for island properties in Space B (Halfmoon Bay). Space E (Elphinstone) will see a $3.75 charge hike and Space F Island properties will see charges go up by $3.31. The speed for District of Sechelt parcels might be $2.50 increased and the rise for these in shíshálh Nation Authorities District might be $2.87.
Properties on the peninsula in Space B will see an $8.23 lower of their tax charge in comparison with 2022. Charges are additionally taking place in Space A (Pender Harbour) by $3 and within the City of Gibsons, they are going to be $.50 decrease than final yr’s charges.
Residents can calculate their proposed SCRD portion of their tax payments by dividing the assessed worth of their dwelling (discovered at www.bcassessment.ca) by $100,000, then multiplying that by their electoral space’s quantity.
The adjusted charges, mixed with up to date assessed values will translate to increased numbers on the SCRD normal taxation line of this yr’s property tax discover for many Coast property homeowners. Impacts on particular person parcels will differ relying on adjustments to assessed property values.
In keeping with a workers report on the March 23 board assembly agenda, tax charges might be finalized following that assembly. Additionally on the assembly’s agenda is consideration of adoption of the group’s five-year monetary plan bylaw. That doc cites working bills (together with amortization) of $58.4 million this yr, up from $53 million in 2022.
Within the launch, the SCRD recognized the principle drivers for taxation as greater than $5 million {dollars} of funding in recreation services, together with roof alternative for the Gibsons and Space Neighborhood Centre, and inflationary pressures affecting the big variety of initiatives transferring ahead in addition to prices for operations and upkeep for all of the providers it offers. The native authorities invitations questions on its 2023 monetary plan at letstalk.scrd.ca/finances.
Regional hospital tax charges growing
Assembly because the regional hospital district board, additionally on March 23, native elected officers will contemplate a six per cent improve in 2023 tax charges to fund that entity’s working finances of $2.74 million for this yr. Property taxes are slated to cowl $1.52 million of that spending. The proposed residential tax charge is $6.63 per $100,000 of evaluation. That charge in 2022 was $6.24, which generated $1.28 million.
A workers report on that assembly’s agenda defined that the tax charge improve is required to offset mortgage reimbursement prices associated to increased rates of interest for the long-term debt. In 2023, these are projected to be $583,000 in comparison with $356,000 within the earlier yr. It additionally famous that the speed could also be “barely adjusted” in April when the evaluation position values are finalized.