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File #: 26-111    Version: 1 Name:
Type: Staff Report Status: Agenda Ready
File created: 3/11/2026 In control: Council
On agenda: 4/13/2026 Final action:
Title: 2026 Property Tax Rates Discussion, Staff Memorandum FIN-26-009
Attachments: 1. 2026 Property Tax Rates
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TOWNSHIP OF ESQUIMALT MEMORANDUM

MEETING DATE:  April 13, 2026                     Report No. FIN-26-009

 

TO:                                            Council                                          

FROM:                                           Ian Irvine, Director of Financial Services

SUBJECT:                      2026 Property Tax Rates

 

INFORMATION:

 

As part of the annual budget process, staff present tax rate scenarios based on Council’s approved 2026 tax revenue increase. All scenarios are calculated using the most recent assessment values and non-market change figures from BC Assessment. The attached presentation illustrates the calculated mill rates, the tax burden for each property class and the financial impact on the average taxpayer.

 

A Council resolution will be required directing staff to prepare the 2026 Tax Rates Bylaw based on their preferred tax rate scenario.

 

 

RECOMMENDATION:

 

Recommendation

That Council direct staff to prepare the 2026 Tax Rates Bylaw based on Council’s preferred tax rate scenario.

 

Body

 

 

REVIEWED BY:

 

1.                     Sarah Holloway, Manager of Corporate Services, Reviewed

2.                     Dan Horan, Chief Administrative Officer, Concurrence

 

LIST OF ATTACHMENTS: 

 

1.                     2026 Property Taxes Presentation.