Although a tax increase looms for the residents of Castlegar, most property tax bills will actually go down thanks to a provincial homeowner grant.
At the next city council meeting, council will vote to pass a three per cent increase for residential taxes and a one per cent increase for business, light industry and not for profits.
However, the homeowner grant will see the average taxpayer’s rates go down by 10 per cent, said Andre Buss, director of finance at the city.
Downtown businesses will also see a reduction of 18 per cent because the downtown revitalization tax no longer exists.