2025 Property Tax Increases

2025 Property Tax increases were discussed in the June 19/25 e-Spokes and focussed on the Total Tax $ impact. Total Tax $ changes are due to assessed value changes and mill rate changes.

Lower assessed values can mask the impact of tax increases so the following table shows just the mill rate changes. 

You can see that CVRD Electoral Area G taxes increased 12.33%, Thetis Island Improvement District 12.88%, and Thetis Island Trust 8.96%. All of these increases are more than the annual inflation of 2.4%. (Victoria BC 2.4% annual inflation at April 2025). Consumer Price Index

For those Thetis Island residents with the same or higher assessed value, their 2025 property taxes are higher than 2024 and substantially higher than the rate of inflation. 

Thanks to Karl Unger for pointing this out. 

Paul Duncan and Karl Unger,

TIRRA members

link to PDF: Mill Rate Increases 2025