Following an extensive period of public engagement, the Town of Qualicum Beach is moving closer to adopting its 2025-2029 budget.
Like many municipalities, Qualicum Beach faces the challenge of balancing high service levels with sustainable tax rates. To navigate this, the Town’s financial planning has been guided by four core priorities: resilience, risk mitigation, maintaining service levels, and complying with emerging legislative changes.
Key Investments
Significant capital investments this year include the Seacrest Road Replacement and Slope Stabilization, Skate Park Construction, and the grant-dependent replacement of the airport runway/taxiway/apron asphalt, and loader/snow blower purchase.
Examples of key Strategic Initiatives in the Budget include: compliance with the new provincial housing Bill 44; a Building Facilities Greenhouse Gas Study; the ‘Pathways to Sustainable Economic Development’ program; and a website redesign with a visual identity refresh
2025 Combined Property Taxes and Utilities
A typical household in Qualicum Beach will experience a 5.7% overall increase in combined property taxes and utility bills in 2025 compared to 2024. This is based on a modest increase in utility fees, and a property tax increase of 6.6%. For an average home valued at $981,000, the annual cost per household will be approximately $3,559, an increase of $182 from last year.
The proposed 2025 property tax increase of 6.6% is made up of 3.8% for operational costs, 1.5% for police services, and 1.3% for asset management.
Other Taxing Bodies
Its also important to note that approximately 51% of property taxes collected by the Town are remitted to other taxing authorities. These include the Province of BC (School Tax), Regional District of Nanaimo, Nanaimo Regional Hospital District, Vancouver Island Regional Library, BC Assessment Authority, and Municipal Finance Authority. Each of these entities sets its own tax rates annually.
Next Steps
The Financial Bylaw will be presented for third reading at a Special Council meeting on March 5, 2025. Final adoption is scheduled for the Regular Council meeting on March 12, 2025.
For more information visit qualicumbeach.com/finance_process
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