Saanich property taxes up by 8% to meet rising costs

The District of Saanich is raising residential property taxes by 8% this year as council works to maintain service levels and invest in infrastructure. The municipality said the statistically average home with a property assessment of $1.29 million will pay $5,594.

The residential tax rate per $1,000 of taxable value is 3.12, while the rate for business is 14.27.

“Saanich continues to grapple with multiple pressures including rising costs to maintain infrastructure and the need to prepare for anticipated growth in the future,” Saanich Mayor Dean Murdock said in a media release. “Council is always mindful of the impact of any increase, and appreciates the work staff has done to find efficiencies and streamline processes where possible. This has allowed us to keep this year’s lift as low as possible without impacting the important services people depend on. Those decisions were informed by what we heard from residents at our public budget meetings and online engagement activities, and we thank everyone who took part.”

Investments in infrastructure include playground and sports field replacement, as well as the Library and Affordable Housing Project that uses land owned by the municipality.

Tax notices will be mailed out soon, and payment is due on or before July 2.