Cache Creek Council gave first three readings to Tax Rates Bylaw 753 at its Apr. 26 meeting.
The bylaw sets the tax rates for the coming budget year and requires approval at one more meeting before it can take effect.
Seven of the town’s nine property classes saw a rise in tax rates. Only Managed Forest Land stayed the same, and Recreation/Non Profit went down slightly.
Residential’s general municipal rate is set at 1.8556, an increase over last year’s 1.7244. The hospital portion has also gone up, from .2142 in 2010, to .2313 in 2011. The TNRD’s portion has edged up slightly, from 1.3475 in 2010 to 1.3595 in 2011.
Business rates went from 4.0062 under general municipal, to 4.0717; from .5247 to .5667 under hospital; and from 3.3017 to 3.3308 for the TNRD.
Bridgehill Holding’s water rate stayed the same at 42.2435. Their service crosses the river and Hwy 97.
