Monday - Friday 8:30 am - 4:00 pm Tel: 250-245-6400 Fax: 250-245-6411 Email: info@ladysmith.ca
Ladysmith Council has approved a 0.52 per cent municipal tax increase for 2021 as the Town continues ongoing work to renew aging infrastructure, upgrade public facilities and improve the high level of service delivery that property owners have come to expect.
The tax rate bylaws were adopted at a Special Meeting of Council on Tuesday, May 11, 2021.
“On behalf of Council, thank you to Town staff for their hard work in presenting such a strong budget during a global pandemic, balancing both the need for fiscal responsibility with improvements reflecting the needs of the community,” said Mayor Aaron Stone. “The 2021 Budget prioritizes projects contained within Council’s Strategic Plan, focusing particularly on public amenities that get people outside and ongoing investments that help tackle our infrastructure deficit.”
Residential property owners are reminded that the Town is no longer processing Home Owner Grants (HOGs) as of this year. Instructions on how to claim your HOG through the Province are included on your 2021 Tax Notice, which will be mailed to you shortly.
You can also visit the Province’s website for more information on these changes: https://www2.gov.bc.ca/gov/content/taxes/property-taxes/annual-property-tax/home-owner-grant.
Each year, property taxes help to cover the ongoing operational costs of roadwork, water and sewer projects, other infrastructure improvements, maintaining parks, facilities, keeping our community safe, providing recreational services and programs, and much more. The Town does not control tax rates set by other jurisdictions or agencies such as School District, Vancouver Island Regional Library, and Cowichan Valley Regional District.
The overall budget increase was over 2 per cent, however, this was reduced with revenue from new developments as well as the use of Provincial COVID-19 relief funds that made up for the loss in recreation revenues.
A short list of capital projects contained within the 2021 Budget, include:
The budget also includes over $60,000 in Grants-in-Aid funding to support local groups and organizations working towards a broad-range of initiatives benefiting the community.
Federal and Provincial grants help to offset some of our capital costs and reduce the burden on our taxpayers and we will continue to apply for various opportunities.
The Town also received over $700,000 in grant funds from senior levels of government to upgrade amenities at Transfer Beach Park including a new public washroom facility, upgrades to the picnic shelters, additional concrete patio seating, bike racks and service stations, and a paved walkway increasing the overall accessibility of the waterfront.
Property owners are encouraged to pay their property taxes and claim their Home Owner Grant with the Province by the July 2 due date to avoid a 2 per cent penalty. Please note that an additional penalty of 8 percent will be applied to unpaid property taxes and/or unclaimed Home Owner Grants at 4:00 p.m. on September 15.
Information about the budget is available on our website at www.ladysmith.ca, and at City Hall. We encourage you to review the details and direct comments or questions to Town staff.
For the latest news and updates visit the Town’s website at www.ladysmith.ca, as well as Facebook, Twitter and Instagram. You can also receive up-to-date information in your email inbox by subscribing to the Town’s newsletter.