Photo credit: City of Kelowna

By Pete McIntyre

3.94% tax hike

Kelowna property tax notices in the mail

May 24, 2022 | 1:30 PM

It’s not something most people will be rushing outside to get, but property owners in Kelowna can expect to receive their 2022 tax notices in the mail this week.

Payments must be received by the city or electronically processed by third-party financial institutions by Monday, July 4 to avoid a legislated 10 per cent late payment penalty. Property owners are reminded banks and credit card companies may take up to three business days to process payments and Friday, July 1 is the Canada Day statutory holiday.

This year’s notice includes a tax increase of 3.94 per cent, which translates to an additional $86.47 per year, or $7.20 a month, for the city portion on an average residential property tax bill in Kelowna.

Property taxes are not increased proportionately to property value increases. They are calculated based on what is needed to balance the city’s budget for any particular year. Last year the city’s overall tax demand was $157.7 million. This year it is $167.1 million. The tax increase covers that difference minus the city’s other revenue sources. General municipal taxation in 2022 will account for approximately 25 per cent of the city’s operational revenues.

In 2022, $35 million will be invested in water, wastewater and stormwater protection projects. An additional $31.1 million will be invested in parks and public spaces infrastructure projects. At 31 per cent of the total budget, community safety represents the largest operating investment. With the addition of 17 public safety related positions, including 11 new RCMP officers for a proposed $2.7 million investment once annualized in 2024.

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Other priorities include advancing the city’s energy and environmental initiatives that address climate change with low-carbon initiatives, including continued investment in active transportation corridors, alternative modes of transportation, additional vehicle charging stations and GHG emissions software.

As of January 1, 2021, Home Owner Grant (HOG) applications must be processed through the Province of BC at gov.bc.ca/homeownergrant or by calling 1-888-355-2700, option 3.

The BC Property Tax Deferment program is also available to those who qualify. Learn more about the property tax deferment program including eligibility at gov.bc.ca/propertytaxdeferment.

For more information about property taxes, payment options, applying for the Home Owner Grant, deferment program options and to register for a City Property Account, visit kelowna.ca/propertytax, sign up for e-updates, email revenue@kelowna.ca or call 250-469-8757 (option 3).