• Saturday , 4 February 2023

2.62 per cent municipal tax hike

The acquisition of Turner Park earlier this year has resulted in a new parcel tax for property owners./Photo Peachland Recreation

Joanne Layh

Peachland property owners are looking at a 2.62 per cent municipal tax hike for 2021, which amounts to $36.86 for an average single-family dwelling. 

In addition, an average single-family dwelling will also see a policing tax increase of 5.05 per cent ($12.45) and transit tax increase of 6.5 per cent ($3.84).

Peachland households will also pay $748.73 for various parcel taxes, including a new parcel tax for Turner Park.

When combined with collections for other tax authorities, including the regional district, hospital district, school district and Okanagan Regional Library, Peachlanders will see a total tax increase of 5.6 per cent.

Capital project highlights include a $3.1 million Turner Park land purchase funded through borrowing and reserves, $600,000 from the Community Economic Resilience Infrastructure Program for Peachland Museum renovations, $90,000 for two fleet vehicle purchases and $420,000 (with $70,000 from Safe Restart) for the Heritage Park splash pad. 

The financial plan also includes COVID Safe Restart grant funding that will go towards various projects, including $195,000 for a new fire department training site, $150,000 for renovations to the municipal hall to allow for reopening and physical distancing, $100,000 for new budget and asset management software, $70,000 for non-profits, and $45,000 for an accessibility project at the Peachland Riding Club.

The 2021 financial plan, tax rates bylaw and parcel tax bylaws were adopted by Peachland council at their last regular meeting. 

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