Town of Lake Cowichan 2026 Annual Rates Bylaw No. 1132-2026 — full text, Lake Cowichan, British Columbia

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TOWN OF LAKE COWICHAN Bylaw No. 1132-2026 2026 Annual Rates Town of Lake Cowichan 2026 Annual Rates No. 1132-2026 1 | P a g e TOWN OF LAKE COWICHAN 2026 Annual Rates Bylaw No. 1132-2026 A bylaw for the levying of rates for Municipal, Debt, Regional Hospital, Regional District and Vancouver Island Regional Library purposes for the year 2026. WHEREAS Section 197 of the Community Charter requires a council to impose property taxes for the year by establishing tax rates to meet its revenue requirements from taxation and the amounts to meet the taxing obligations of other local governments before May 15th, in each year; NOW THEREFORE the Council of the Town of Lake Cowichan in open meeting assembled, enacts as follows: 1. The following rates are hereby imposed and levied for the year 2026: a) For all lawful general purposes of the Municipality on the value of land and improvements taxable for General Municipal Purposes, rates appearing in Column 1 of Schedule "A" attached hereto and forming a part hereof. b) For debt purposes on the value of land and improvements taxable for General Municipal Purposes, rates appearing in Column 2 of Schedule "A" attached hereto and forming a part hereof. c) For purposes of the Vancouver Island Regional Library on the value of land and improvements taxable for General Purposes, rates appearing in Column 3 of Schedule "A" attached hereto and forming a part hereof. d) For purposes of the Cowichan Valley Regional District on the value of land and improvements taxable for Regional Hospital District purposes, rates appearing in Column 4 of Schedule "A" attached hereto and forming a part hereof. e) For Hospital purposes on the value of land and improvements taxable for Regional Hospital District purposes, rates appearing in Column 5 of Schedule "A" attached hereto and forming a part hereon. 2. The minimum taxation upon a parcel of real property shall be One (1) dollar. Town of Lake Cowichan 2026 Annual Rates No. 1132-2026 2 | P a g e 3. This Bylaw may be cited as "Town of Lake Cowichan 2026 Annual Rates Bylaw No. 1132-2026". READ A FIRST TIME on the 28th day of April, 2026. READ A SECOND TIME on 28th day of April, 2026. READ A THIRD TIME on the 28th day of April, 2026. RECONSIDERED, FINALLY PASSED and ADOPTED by the Municipal Council of the Town of Lake Cowichan on the 12th day of May, 2026. Original Signed Original Signed Tim McGonigle John Thomas Mayor Corporate Officer Town of Lake Cowichan 2026 Annual Rates No. 1132-2026 3 | P a g e Town of Lake Cowichan Schedule A Attached to and forming part of Bylaw No. 1132-2026 Vancouver General General Island Reg. Regional Regional CLASS Municipal Debt Library District Hospital Residential 1 2.49741 - 0.18932 1.73183 0.39448 Utility 2 16.48291 - 1.24951 6.06141 1.38068 Heavy Industrial 4 45.57773 - 3.45509 5.88822 1.34123 Light Industrial 5 8.49119 - 0.64369 5.88822 1.34123 Business 6 6.99275 - 0.53010 4.24298 0.96648 Managed Forest 7 10.73886 - 0.81408 5.19549 1.18344 Recreational 8 2.49741 - 0.18932 1.73183 0.39448