Each year, the City collects property taxes in order to deliver the service that our residents rely on. Your tax dollars provide clean water to your home (and take away the dirty water), build and repair roads, and fund police officers and firefighters. These dollars are also used to maintain our beautiful parks and provide recreation opportunities that keep us healthy and balanced.

To do this, we need to build a balanced budget (municipalities are not allowed to run a deficit!).

Residents are invited to attend an in-person budget update on Monday, January 26, 2026, 6:00–8:00 pm, at the McArthur Island Sport and Event Centre (1655 Island Parkway). The update will outline significant efforts by City staff and Council to reduce the 2026 tax requirement following a provisional budget released last November that projected a tax increase of more than 10%.

For historical budget documents, including the City's financial statements, visit the City's budget website.

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  • YOUR MUNICIPAL TAX PAYMENT

    This graphic shows how much of your tax payment is spend on different programs and services.

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  • YOUR PROPERTY TAX BILL

    This graphic explains the different sections of your bill.

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  • PROPERTY ASSESSMENTS AND TAX RATES

    This graphic explains the impact of your property assessment on your tax bill.

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