Kelowna Capital News, May 06, 2015

Page 1

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Wednesday, May 6, 2015 • kelownacapnews.com

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Court battle brewing Authorized Dealer for

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Okanagan Indian Band Chief Byron Louis will see his band’s court injunction heard this month which could add another twist to closing the deal on the CN Rail corridor acquisition. See story A3

Tax impact not as bad as initially thought

Alistair Waters awaters@kelonwnacapnews.com

Kelowna city council has approved its budget for 2015, and taxpayers are getting a slight break from the increase expected as a result of its provisional budget deliberations in December. Instead of the 3.46 per cent increase council settled on then, the final hike to the municipal portion of the annual property tax notice will be 3.2 per cent.

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That means the owner of an “average” priced house in the city—a single-family home worth $467,730—will pay a total property tax bill of $2,564 this year, a $47.73 jump from last year, according to city director of financial services Genelle Davidson. Of the total tax bill, $1,950 would be the municipal portion, with the rest being taxes the city collects for other jurisdictions such as the school district, the regional district, the regional hospital district and the Okanagan Regional

Library, as well as provincial agencies such as the B.C. Assessment Authority and the B.C. Municipal Financing Authority. The city has no control over how much those taxes are pegged at each year. “It’s normal to see changes between provisional and final budget,” said city financial planning manager George King Monday. “We have access to new information between

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