The City of Colwood has approved a zero per cent tax increase for 2020. (Black Press Media file photo)

Colwood freezes municipal tax rate, relaxes late payment penalties

Some capital projects still expected to proceed

Municipal tax rates in Colwood will not be increasing and residents will have a little more time to pay their taxes without a penalty this year.

Noting financial stresses that have been brought on by the COVID-19 pandemic, Colwood council approved a zero per cent municipal tax increase for 2020. A plan to align commercial tax rates with those of the region over the next five years will also be brought forward to “support businesses in a strong economic recovery,” according to a statement on the City’s website.

READ ALSO: Colwood moving ahead with tax relief plans for residents, businesses

For residential properties, taxes will be due on July 2 of this year but there will be no late payment penalty for residential properties until Aug. 1 and then Oct. 1. The penalties will be five per cent in August and another five per cent in October.

The City of Colwood is encouraging residents to stay home and safe, and recommends paying taxes online or by mail. Access to pay at City Hall will be by appointment only.

The tax rate for 2020 was originally proposed to be 3.5 per cent. In order to bring it down to zero, service level increases will be deferred until 2021. The one per cent that is usually set aside for future sustainable infrastructure replacement will be held back this year and several transfers to reserves will be delayed until 2021, according to the City.

Residents can expect current levels of service to be maintained while following direction from the provincial health officer with respect to pandemic response and recovery.

READ ALSO: Colwood mayor advocates for zero per cent tax lift for 2020 in light of COVID-19

In 2021, the Colwood Financial Plan projects a return to the 3.5 per cent tax increase that was originally proposed for this year.

When it comes to planned capital projects, the City said many of them are funded by grants and are expected to proceed. Some examples of these projects are a roundabout at Latoria Road and Veterans Memorial Parkway, road upgrades at Allandale Road and Veterans Memorial Parkway, design work for upgrades along portions of Metchosin and Sooke roads, and sidewalk, cycling and crosswalk programs.

shalu.mehta@blackpress.ca


Like us on Facebook and follow us on Twitter

City of Colwood,Coronavirus

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Earthquake off coast of Washington recorded at 4.1 magnitude

The quake was recorded at a depth of 10 kilometres

UPDATED: Man dies from injuries at Custom House construction site in Victoria

Government Street remains closed as investigation continues

VIJHL season could start Oct. 1, says league president

League awaiting final approval from local health authorities and viaSport

Netflix, Warner Bros filming 10-part series in Colwood

Filming takes place now until March 2021

Saanich explores options for adding shelters to parks

Covered areas would encourage safe outdoor socializing during rainy season

B.C. reports 96 new COVID-19 cases, one hospital outbreak

61 people in hospital as summer ends with election

“Unprecedented” coalition demands end to B.C. salmon farms

First Nations, commercial fishermen among group calling for action on Cohen recommendations

B.C.’s top doctor says she’s received abuse, death threats during COVID-19 response

Henry has become a national figure during her time leading B.C.’s response to the COVID-19 pandemic

BC Liberals must change gears from election cynicism, focus on the issues: UBC professors

COVID-19 response and recovery is likely to dominate platforms

Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

B.C. could be without a new leader for multiple weeks after Election Day: officials

More than 20K mail-in voting packages were requested within a day of B.C. election being called

POLL: Do you plan on allowing your children to go trick or treating this year?

This popular annual social time will look quite different this year due to COVID-19

Majority needed to pass COVID-19 budget, B.C. premier says

John Horgan pushes urgent care centres in first campaign stop

Most Read