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Mission property owners can expect to pay $164 more in taxes

4.47% overall increase for municipal services in 2022
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With council passing Mission’s 2022 budget at the close of last year, local homeowners will see an increase to their taxes: But how much for the average home?

Based on the average assessed home value of $754,900 in 2021, your typical Mission property owner is going to be paying $164 more – from $3,599 in 2021, to $3,760 in 2022. The increase will add $2.2 million to the city’s budget.

This includes a property tax increase of 5.97 per cent, an increase in the drainage levy of 14.76 per cent, a 2.0 per cent increase to the sewer user rates, and a zero per cent increase to both the flat-rate water user fee and the curbside collection rates.

Cumulatively it’s a 4.47 per cent overall increase for all municipal services represented on the property tax notice.

The increases will pay for new initiatives and maintain the existing services, according to the staff report ahead of council’s deliberations,

Council had been told of “hard decisions” ahead of the next budget cycle by its director of finance, as there were revenue shortfalls in the reserve spending on city assets, unfunded capital projects, and revenue gaps for infrastructure growth.

The tax increases include 0.5 per cent going towards transfers to the General Capital Reserve.

Two councillors, Coun. Jag Gill and Coun. Ken Herar, voted against the budget, while the Mayor and the other four councillors were in favour.

The price of the average Mission home increased to $962,000 last year (36 per cent), according to the BC Assessment roll released on Jan. 4, significantly outpacing increases seen across the rest of the province.

The assessment increase will only affect the taxes of property owners whose value grew by more than the 36 per cent average.