Oak Bay hikes property tax 7.34 per cent

Oak Bay hikes property tax 7.34 per cent

Costs to address aging infrastructure drive tax increase

Property owners in Oak Bay are facing one of the steepest property tax hikes in the region after Oak Bay council approved on Monday an average increase of 7.34 per cent in adopting the 2019-2023 financial plan.

It’s up from last year, when council approved a 5.57 per cent tax increase.

“The 2019 budget reflects an attempt to address long-deferred investment in our critical infrastructure, a move intended to reduce long-term operational costs,” said Mayor Kevin Murdoch.

READ MORE: Oak Bay 2018 budget shows 5.57 per cent tax increase

The average home in Oak Bay is valued at $1.4 million by B.C. Assessment Authority, which equates to a property tax increase of approximately $262 per household, or just over $5 a week.

Oak Bay’s roads, buildings, underground pipes, parking lots and other infrastructure are aging and in need of repair. The increase prioritizes infrastructure maintenance and renewal as it seeks to close an ongoing funding gap for infrastructure costs.

“It is council’s responsibility to ensure the long-term sustainability of our community,” Murdoch said.

Most of the increases in the financial plan are long-term funding commitments to allow for better project planning, Murdoch noted.

READ ALSO: Interactive budget tool launched in Oak Bay

Leading figures are a 30 per cent increase of $220,000 in the road repair budget and the first installment of $5.28 million (over four years) for infrastructure renewal.

“Council recognizes the significant impact tax increases have on our residents, however we also know that moving these projects forward will enhance public safety and that delaying them will only result in higher costs in the future,” explained Murdoch.

Oak Bay did reach out to residents through citizen engagement in 2018 and early 2019 with multiple public strategic planning and budget meetings with public input and an open house. It also used the Citizen Budget online budget simulator that allow residents to indicate their priorities for tax allocation. The Citizen Budget was live for one month, Feb. 15 to March 15.

– This story was updated on May 22 to omit an incorrect total projected budget for 2019.

reporter@oakbaynews.com

Just Posted

Shaelyn Sinnott of Oak Bay Volunteer Services delivers groceries for client Irene Kenny. The organization has kept up delivery of food and medication throughout all phases of the COVID-19 pandemic. (Courtesy Oak Bay Volunteer Services)
Oak Bay volunteers keep critical services running

Duo drove between Oak Bay and Jubilee three days a week, twice a day during pandemic

Two volunteers work to sieve a sample of sand and ocean water through a filter, capturing any potential microplastics. (Courtesy of Ocean Diagnostics)
Victoria startup making waves in microplastics research

New products from Ocean Diagnostics will make research faster, more affordable

Island Savings kick-starts the Equipped to Heal campaign with $120,000. (Courtesy Victoria Hospitals Foundation)
Latest Victoria Hospitals Foundation campaign targets $1M for mental health

Goal is to outfit new 19-bed unit at Eric Martin Pavilion

Willows Beach in Oak Bay. (Black Press Media file photo)
Seven days of sun set to shine on Greater Victoria

Special weather statement warns of higher than usual temperatures

Chef Trevor Randle leads a June 21 online cooking featuring recipes – beef zesty lettuce wraps, blueberry strudel and blueberry spritzer. (Courtesy We Heart Local BC)
Free online cooking course explores B.C. blueberries and beef

Chef Trevor Randle calls them the province’s most flavourful foods

Jesse Roper tackles weeds in his garden to kick off the 2021 season of What’s In My Garden Man? (YouTube/Whats In My Garden)
VIDEO: Metchosin singer-songwriter Jesse Roper invites gardeners into his plot

What’s In My Garden, Man? kicks off with the poop on compost

FILE – Most lanes remain closed at the Peace Arch border crossing into the U.S. from Canada, where the shared border has been closed for nonessential travel in an effort to prevent the spread of the coronavirus, Thursday, May 7, 2020, in Blaine, Wash. The restrictions at the border took effect March 21, while allowing trade and other travel deemed essential to continue. (AP Photo/Elaine Thompson)
Feds to issue update on border measures for fully vaccinated Canadians, permanent residents

Border with U.S. to remain closed to most until at least July 21

A portion of the George Road wildfire burns near Lytton, B.C. in this Friday, June 18, 2021 handout photo. THE CANADIAN PRESS/HO, BC Wildfire Service *MANDATORY CREDIT*
Blaze near Lytton spread across steep terrain, says BC Wildfire Service

Fire began Wednesday and is suspected to be human-caused, but remains under investigation

Blair Lebsack, owner of RGE RD restaurant, poses for a portrait in the dining room, in Edmonton, Friday, June 18, 2021. Canadian restaurants are having to find ways to deal with the rising cost of food. THE CANADIAN PRESS/Jason Franson
Canadian restaurateurs grapple with rising food costs, menu prices expected to rise

Restaurants are a low margin industry, so there’s not a lot of room to work in additional costs

A Lotto 6/49 ticket purchased in Parksville for the June 19, 2021 draw is a $3M winner. (Submitted photo)
Winning Lotto 6/49 ticket worth $3M purchased on Vancouver Island

Lottery prize winners have 52 weeks to claim jackpot

Cpl. Scott MacLeod and Police Service Dog Jago. Jago was killed in the line of duty on Thursday, June 17. (RCMP)
Abbotsford police, RCMP grieve 4-year-old service dog killed in line of duty

Jago killed by armed suspect during ‘high-risk’ incident in Alberta

Patrick O’Brien, a 75-year-old fisherman, went missing near Port Angeles Thursday evening. (Courtesy of U.S. Coast Guard)
Search for lost fisherman near Victoria suspended, U.S. Coast Guard says

The 75-year-old man was reported missing Thursday evening

Barbara Violo, pharmacist and owner of The Junction Chemist Pharmacy, draws up a dose behind vials of both Pfizer-BioNTech and Oxford-AstraZeneca COVID-19 vaccines on the counter, in Toronto, Friday, June 18, 2021. An independent vaccine tracker website founded by a University of Saskatchewan student says just over 20 per cent of eligible Canadians — those 12 years old and above — are now fully vaccinated. THE CANADIAN PRESS/Nathan Denette
At least 20% of eligible Canadians fully vaccinated, 75% with one dose: data

Earlier projections for reopening at this milestone didn’t include Delta variant

This undated file photo provided by Ernie Carswell & Partners shows the home featured in the opening and closing scenes of The Brady Bunch in Los Angeles. Do you know the occupation of Mike Brady, the father in this show about a blended family? (Anthony Barcelo/Ernie Carswell & Partners via AP, File)
QUIZ: A celebration of dad on Father’s Day

How much do you know about famous fathers?

Most Read