Property Tax Rate

This past Monday, May 11, Council adopted the Property Tax Rates Bylaw 2026.7455, which officially sets the tax rates for 2026. Recapping, the general property tax increase is set at 5.3%, plus the annual general asset management reserve charge of 1.0%. This is down from last year, when the general tax increase was at 6.8%. Together with municipal user fees, water fees, sewer fees, and sanitation fees, the impact on a typical Nanaimo home will e $237. The city has an operating budget of $228.5 million, with taxation the main source of revenue to operate and maintain services and resources for our citizens - the main areas being community safety and RCMP, parks and recreation facilities, and engineering and public works. Budget details are on the City website.