2019 Budget Overview
For 2019, Council is considering an increase of $1,461,253 to the General Operating Fund Budget. This represents a tax increase of 4.62% or $90.49 in additional municipal tax to the average home (based on the 2018 average home value for Mission: $667,875).
This post offers a basic overview of the preliminary 2019 budget under consideration. Read the January 22, 2019 Budget Summary Agenda Package for a more detailed set of reports and figures – or watch the webcast.
Comparing Tax Rates
Let’s start by looking at Provincial data to compare the taxes paid on the average home in Mission with other neighbouring municipalities.
The chart below shows Mission’s ranking as fourth lowest when comparing the total 2018 property taxes for municipal services and from other taxing authorities that are levied on the average assessed home in each community.
This includes levies for local general municipal services, regional district services, school taxes and other taxing authorities In Mission, the average assessed home of $667,875 paid $3,264 in total to all taxing authorities for 2018 property taxes on their annual property tax notice.
This graph does not include charges for Local Improvements, special area taxes or user fees for water, sewer, or curbside collection of garbage and recycling nor does it take into consideration the Provincial Home Owner Grant program where eligible home owners can apply to the Province and deduct $570 or $845 from their property tax notice.