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Qualicum Beach homeowners face 7.7 per cent hike in property taxes

Council gives preliminary financial plan first reading
(PQB News photo)

Town of Qualicum Beach property owners could face a 7.7 per cent increase in property taxes in 2024.

Qualicum Beach council gave first reading to the town’s preliminary draft five-year financial plan, presented by director of financial services, Raj Hayre, at council’s regular meeting on Feb. 7.

This year, homeowners with properties assessed at $956,000 would pay $164 more, for total of $2,302, compared to 2023’s amount of $2,138. That equates to $14 per month.

Residents would also pay an additional $30 increase for water, sewer and solid waste services this year. The total combined property taxes and utilities increases is $194, reflecting a 6.1 per cent tax hike for an average home assessed at $956K.

READ MORE: Parksville council makes tough choices during financial planning

Council will get another chance to review the budget on Feb. 28 and consider giving it second and third reading. The final draft will be adopted on March 13 and will be submitted to Municipal Affairs on May 15.

Michael Briones

About the Author: Michael Briones

I rejoined the PQB News team in April 2017 from the Comox Valley Echo, having previously covered sports for The NEWS in 1997.
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