Nanaimo property owners looking at 6.4% tax increase in 2026

Nanaimo property owners looking at 6.4% tax increase in 2026

Property owners in Nanaimo will likely see a 6.4 per cent tax increase in 2026. City council gave the first through third readings to its tax rate for the year at its meeting on Monday, May 4, and the fourth and final reading is required by the province on or before May 15. If passed, the increase would see $196 added to the tax bill of an average single-family home in the city valued at $797,225 in 2026. That means the total tax bill for the av…