Peachland council will consider a 4.24 per cent property tax increase for residents.
Based on a BC Assessment value of a typical single-family home at $890,000, the increase works out to $62.61 for 2023.
The BC Assessment is up from $820,00 in 2022, a nine per cent hike.
Total expenditures for the district for 2023 come to $14,762,731, up from $13,813,928 in 2022. Reserve fund contributions to the 2023 budget amount to $839,50 which is down from the 2022 figure of $955,296.
Council will also consider several priority capital fund requests including $920,000 to purchase the lot at 4223 San Clemente Avenue for a new fire hall, $150,000 for fire hall construction design, $300,000 for SCUBA equipment for the fire department, and $550,000 for road remediation.
Council will look at the tax increase and budget at its Feb. 7 regular meeting.
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