At this week's Council meeting, Chief Financial Officer Diane Mombourquette shared a presentation about the draft 2025 tax rates. Municipal property tax rates are made up of two parts:
- Property tax rate (or mill rate)
- Assessed value (provided by BC Assessment)
In addition to municipal property taxes, the Village collects taxes on behalf of other organizations, including the Thompson-Nicola Regional District, Thompson Regional Hospital District, School - Gold Trail District, police, BC Assessment Authority, and Municipal Finance Authority. These non-municipal taxes make up part of your tax bill.
The Village hosted a community budget information and input meeting on February 26, and invited feedback from the community until March 12.
At their February 11 meeting, Council directed staff to prepare the 2025-2029 Five-Year Financial Plan (budget) with a 6% increase in property tax revenue.
Next steps
Staff will present the draft 2025–2029 Five-Year Financial Plan (budget document) at the next Regular Council Meeting on March 25.
Find the 2025 budget timeline and updates.