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.