Kelowna, B.C., residents could be facing an almost five-per cent hike in property taxes next year.
Next week, city council will begin debating Kelowna’s 2024 budget, and among the many items is a proposed 4.7-per cent bump. Budget deliberations are scheduled for Thursday, Dec. 7.
If the increase gets the green light, the rate would translate into an annual increase of $112.95 for an average single-detached home.
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The proposed increase includes the addition of a one-per cent public safety levy, which was introduced and endorsed by council in 2023.
Council approved a 3.8-per cent tax increase during budget deliberations in December 2022.