Nelson holds the line on property taxes

No increase this year thanks to deal with RDCK on park funding

Nelson city council has adopted its 2019 budget without a tax increase.

The unusual move comes thanks to a deal struck with the Regional District of Central Kootenay’s regional parks service to provide $350,000 to the city to help operate Lakeside Park, the Lakeside playing fields, and waterfront pathway.

The city’s rural neighbours also agreed to reduce the city’s contribution to the regional emergency management program by $74,000 a year. Those funds will be redirected to the city’s own emergency program.

However, while the city’s portion of property taxes will be unchanged, an average increase of nearly 15 per cent in residential assessments will see school taxes jump about nine per cent, or $73 on an average single family home assessed at $453,000.

Businesses will actually see a reduction in school taxes.

Overall, the average home in Nelson will receive a tax bill for $2,566 this year, compared to $2,409 in 2018, an increase of 6.5 per cent. Of that, the city’s share is $1,654, the same as last year.

Municipal tax notices also include taxes due to the regional district, hospital district, and BC Assessment Authority.

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