The Regional District of Central Okanagan has approved a $58.7 million budget for 2013.
As part of the budget, a Lake Country home assessed at $480,000 will see its regional district taxes climb $5.64 while a $453,000 home in the North Westside Road area will see taxes decline $9.86.
“The regional district provides more than 84 different services,” said Robert Hobson, chairperson.
“We strive to provide everyone with efficient services, while making every effort to keep our costs in line.”
The financial plan provides $14.3 million in capital project spending this year, including $8 million to fund expansion of the regional parks system, $1.2 million for other parks projects, $1.36 million for upgrades to the regional septage treatment facility and vehicle and equipment purchases for various protective services.
The primary reason for the decrease along North Westside Road is market value change in assessed values.
The actual tax rate varies from neighbourhood to neighbourhood and municipality, depending on the local services provided by the regional district.
