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By CFJC Today

Kamloops Tax Increase

Kamloops tax increase set at 0.93 per cent for 2021

Apr 20, 2021 | 4:13 PM

KAMLOOPS — Kamloops council formally approved the city’s 0.93 per cent tax increase during Tuesday’s (April 20) council meeting.

The average house value in Kamloops went up from $443,000 in 2020 to $469,000 in 2021, meaning the average property tax increases from $2,238 to $2,258.

The summary of the 2021 municipal tax rates per $1,000 of assessed value (compared to 2020):

• Residential – 4.64 (-0.10)
• Utilities – 40.00 (even)
• Major Industry – 66.60 (+1.70)
• Light Industry – 18.95 (-0.13)
• Business and Other – 13.59 (+0.68)
• Recreational Property, Non-Profit Organization – 14.02 (-0.14)
• Farm – 14.03 (+0.24)

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Municipal taxes are due July 2.