Regional District of Fraser-Fort George predicting 4.24% tax increase

The Regional District of Fraser-Fort George is predicting an overall 4.24 per cent property tax increase for 2023, following budget deliberations on Wednesday afternoon.

The increase will be largest for the regional district in the past five years. Between 2018 and 2022, the district’s tax requisition grew an average of 2.098 per cent, ranging from 1.33 per cent to 2.67 per cent per year. In 2022, the regional district taxes on an average Prince George house - valued at $410,891 - were $184, according to BC Statistics data. A 3.18 per cent increase amounts to a roughly $5.85 increase. On Feb. 1, Prince George city council approved a 7.58 per cent tax increase, a roughly $175 increase for the average house.

Source: Real Estate Daily Report (realestatedailyreport.net)

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