Thank you to all participants of the 2024 - 2028 Five Year Financial Plan and Budget 2024 process. Property Tax Notices will be mailed soon. Property taxes are due by July 2nd, 2024. Please ensure you have paid your taxes by that date to avoid a 10% penalty. Information related to Home Owner Grants, the Property Tax Deferment Program, and Ways to Pay can be found on the Property Tax Notice insert that will be mailed with your notice as well as in the Documents section on this page.
Please find the 2024-2028 Five-Year Financial Plan Overview available in the documents section on this page as well
On Monday, May 13th, Kimberley City Council approved a 5.33% increase to municipal property taxes for 2024 to fund inflationary increases and incremental operating cost adjustments. For the average single-family home assessed at $540,885 in 2024, this represents a municipal tax increase of approximately $145. The actual tax adjustment for your property will vary depending on how much its assessed value has changed in relation to the average assessment increase from 2023 to 2024.
The City is also required to collect property taxes on behalf of other organizations. The amount of property tax requested by the Regional Hospital District for 2024 represents a 26.1% increase over the 2023 request. Since 2019 the amount of tax paid by Kimberley property owners to the Regional Hospital District has increased by a total of 375%. The Regional District of East Kootenay has advised that this increase is primarily related to increased contributions to reserves to fund future capital infrastructure investment.
The amount of property tax requested by the Regional District of East Kootenay in 2024 is 6.2% higher than in 2023. The City has no control over the amount of property tax collected for these other organizations and it doesn’t retain any of this tax collection to fund its own operations.
The following chart illustrates the amount of property tax that will be billed for each of the various organizations in 2024 on the average single-family home with an assessed value of $540,885. Only the Municipal Tax (Variable and Flat) is retained by the City and all of the other tax is paid by the City directly to the organization for which it is collected.
Below, you'll find details related to the Five-year Financial Plan and Budget 2024 planning and approval process. Please follow the links to view Council presentations and related staff reports outlining details related to those plans.
Meeting #1 - Revenue Policy Overview - November 20, 2023
At this meeting, City DCAO/CFO Jim Hendricks presented information to and requested direction from Council in relation to the City's primary revenue sources as the initial step in the preparation of the 2024-2028 Five Year Financial Plan.
View the meeting on YouTube and follow the link below to review the policy overview presentation document.
2024-2028 Financial Plan Deliberations Revenue Policy Overview
Meeting #2 - Capital/Non-Capital Project Plan - January 15th, 2024
City CFO Jim Hendricks presented the 2024 - 2028 Capital and Non-Capital projects proposed for completion over the next five years. This was presented for information only and will be brought back to a future meeting for inclusion in the final Five-Year Financial Plan. The meeting is available to watch on YouTube. Find the link below.
YouTube Presentation: 2024-2028 Capital & Non-Capital Plan
Meeting Agenda and Report - 2024-2028 Capital/Non-Capital Project Plan
Meeting #3 - Capital/Non-Capital Project Plan for Adoption - February 5th, 2024
City CFO Jim Hendricks presented the 2024 - 2028 Capital and Non-Capital projects proposed for completion over the next five years and seek Council adoption of the proposed projects. The meeting was streamed live on YouTube. Find the complete meeting agenda HERE.
Meeting #4 - Capital/Non-Capital Project Plan for Adoption - March 4th, 2024
City CFO Jim Hendricks presented the 2024 - 2028 Capital and Non-Capital budget changes. The meeting was streamed live on YouTube Find the complete meeting agenda HERE.
Meeting #5 - First Three Readings of Bylaws - April 22nd, 2024
At this meeting, City CAO/CFO Jim Hendricks presented the 2024-2028 Five-Year Financial Plan, 2024 Tax Rates Bylaw and the Aquatic Centre Parcel Tax Amendment Bylaw for first three readings. This meeting is available to view on YouTube. The agenda is available HERE.
Meeting #6 - Monday, May 13th, 2024 - Bylaw AdoptionAt this meeting, City Council adopted the 2024-2028 Financial Plan Bylaw, the 2024 Tax Rates Bylaw, and the Aquatic Centre Parcel Tax Amendment Bylaw. This meeting is available for viewing on YouTube. Tax Notices are now being prepared and will be mailed in the coming weeks.
Property Tax Notices have been mailed. The deadline to pay your 2024 Property Tax Bill is July 2nd, 2024.
Thank you to residents for participating in this year's 2024 - 2028 Five Year Financial Plan and Budget 2024 planning process.
