Wednesday, May 23, 2012

Nanaimo Tax Notices In The Mail

Property Tax Notices Are in the Mail

Property Taxes for residential property owners in Nanaimo will increase on average by 2.7%. For the average homeowner this represents an $81.00 increase from last year. Property taxes are collected by the City on behalf of six groups in addition to the city body including: School District 68, Vancouver Island Regional Library, Regional District of Nanaimo, Nanaimo Regional Hospital, BC Assessment, Municipal Finance Authority. Sixty (60%) of the total tax revenue collected is retained by City.

Property taxes will represent $86.24 million of the City’s 2012 annual budget. Property taxes are used to fund a range of services provided by the City. These services such as; police and fire services, roads, storm drains, rinks, pools, cemeteries and a long list of others cost the average Nanaimo home owner approximately $5/day.

Homeowners may be interested to find out how much their taxes may be for 2012 with the property tax estimator available online at Tax notices will be mailed to homeowners in late May; the deadline for payment is Tuesday, July 3. Homeowners are reminded to complete homeowner grant applications regardless of their ability to pay taxes. There are a number of resources at to help people through the process of applying for homeowner grants and making payments including a monthly instalment option through the MyCity application. For more information please call 250 755 4415 or visit City Hall.


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