A clearer picture of what Osoyoos ratepayers will be forking over to local government emerged Monday as Council gave the first three readings to its 2019 tax rates bylaw.
With a 2.93 percent in property taxes already in place for Town of Osoyoos operations, staff pulled back the curtain on taxes it collects and remits on behalf of other taxing authorities.
Not including the school assessment — which likely won’t be known until after May 10 — the Town of Osoyoos will collect more than $1.62 million on behalf of the Regional District of Okanagan-Similkameen, Okanagan-Similkameen Regional Hospital District, the Okanagan Regional Library and several other provincial taxing authorities.
The amounts collected this year are largely in line with what was collected locally last year, although Osoyoos residents will pay abut $55,700 more to the RDOS.
Its share of the assessments will be $839,268 in 2019.
According to Jim Zakal, the Town’s Financial Services Director and Deputy CAO, a family owning a detached home in the community will pay about $972 in municipal taxes — with an additional portion in other assessments still to be determined.
The Town is required to adopt its tax rates bylaw no later than May 15.