District of Lake Country residents facing 17% property tax increase
The district says 12.83 per cent is a base increase, which includes increased policing costs due to a rising population , road maintenance contract and inflationary contractual and wage rate increases.
According to the district, Lake Country’s population has surpassed 15,000, which means its RCMP cost-sharing ratio has increased to 90 per cent from 70 per cent.Lake Country will hold a special council meeting on Thursday, Feb. 23, at 7 p.m., regarding the 2023 to 2027 draft financial plan, with second and third readings taking place.
The district says the average home in Lake Country is valued at $1.087 million, with the average homeowner seeing an average tax increase of $341.In its 2023 financial plan, Lake Country chief financial officer Trevor James said “the impacts of inflation and rising costs on materials, supplies, utilities and construction costs continue to be felt by the District in both the operating and capital budgets.
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