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Township holds budget open houses
It’s inevitable that residents in Langley Township will pay higher property taxes this year, but they have an opportunity to influence the bottom line at two budget open houses.
These will be held on Monday, Feb. 27 from 3 p.m. to 8 p.m., and on Tuesday, Feb. 28 from 1 p.m. to 6 p.m.
Both open houses will be held on the fourth floor of the Township Hall, in the foyer outside the council chambers.
The proposed increase to a household property which has an assessed value of $483,000 is $39, an increase of 1.70 per cent over last year.
If council approves another 0.50 per cent for a capital works reserve, the increase will climb to $46. Council is also considering an additional 0.50 per cent increase to boost police and fire services, and an extra 0.5 per cent for road paving.
The budget is contained in the five-year financial plan, which had originally contemplated a property tax increase of 3.95 per cent. If all segments are approved, taxes will rise by 3.20 per cent.
By comparison, the owner of a single family dwelling in Langley City will face a tax increase of 2.77 per cent.