Heavy industry in Victoria faces a hefty 37 per cent increase in property taxes this year, but Mayor Marianne Altosays the city is committed changes that will see a different process next year.
Victoria Mayor Marianne Alto made a point Thursday of acknowledging that the city’s industrial landowners are facing a brutal tax bill this year and that council intends to make changes before next spring.
Alto noted that Victoria doesn’t have a lot of industrial land, calling the industry that is in the city “massive contributors, not just to the tax base, but also to the community as they’re remarkable investors in a whole variety of programs.” That means all property classes — other than industrial — will face a 6.15 per cent increase this year.
Point Hope Maritime, owned by the Ralmax Group, is the only major industrial firm in Victoria that will face the 37 per cent increase in its property tax bill this year.
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