Assessments have increased overall for the hospital district, providing more taxation income which then reduces what’s required from individual taxpayers. (Black Press File Photo)

Taxpayers get break in new Mills Memorial cost

Rising assessments helping ease taxpayer costs

Property owners throughout the region can expect a tax break from the North West Regional Hospital District this year.

“Residential homeowners are forecast to pay $58.40 per $100,000 of assessed value in 2020, compared to $64.50 in 2019,” reports Yvonne Koerner, the executive director for the hospital district which covers the area from Haida Gwaii to Houston.

And that’s because assessments have increased overall for the hospital district, providing more taxation income which then reduces what’s required from individual taxpayers.

Koerner said residents had been contacting the hospital district asking about taxes because of the upcoming start of the Mills Memorial Hospital replacement project in Terrace, forecast to cost $450.5 million.

She did note, however, that the hospital district had already increased its requisition amount in anticipation of paying for its portion of the new Mills.

READ MORE: Security guard “bitten and punched” in Terrace hospital

The province is borrowing $337 million, with the hospital district putting in $110 million, plus $3.5 million for a business plan already paid from surplus – making for a total cost of $450.5 million.

Those figures from the hospital district fall within a deal it negotiated with the province two years ago so that it would pay no more than 30 per cent of the new Mills cost, to a maximum of $113.7 million. That puts the project cost currently at $450.5 million.

Traditionally the hospital district finances 40 per cent of major capital projects with other sources, mainly the provincial government and the Northern Health Authority contributing the rest.

But given the budget needed for the new Mills, the hospital district negotiated a reduced percentage requirement.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Schools get creative to provide food to students

Initiatives underway include providing gift cards

UPDATE: First presumptive case of COVID-19 in Prince Rupert

Doctor says it was a visitor, Northern Health won’t confirm

Schools ramp up contact efforts with students

Efforts of school district employees called “extraordinary”

North District RCMP see massive spike in domestic calls

Connection to COVID-19 pandemic likely for reduced call volume, increased severity

COVID-19 death toll reaches 50 in B.C., while daily case count steadies

B.C. records 34 new cases in the province, bringing total active confirmed cases to 462

B.C.’s COVID-19 rent supplement starts taking applications

$300 to $500 to landlords for April, May and June if eligible

Reality TV show about bodybuilders still filming in Okanagan, amid COVID-19

Five bodybuilders from across the country flew to Kelowna to move into a house for a reality TV show

B.C.’s top doctor details prescription for safe long weekend

Yes, it includes hosting an online cooking show

BC SPCA seeks help for abandoned German shepherd puppies

Donations have ‘petered out’ as doors are closed due to COVID-19

Smithers relocates downtown homeless population

Bylaw officer Matt Davey says the move was made with buy-in from the affected people

UNBC opts for virtual convocation in June, commits to face-to-face after COVID-19

Interim president Geoff Payne said feedback prompted him to commit to traditional one when possible

Researchers to study whether plasma of recovered patients can treat COVID-19

Plasma is the liquid portion of the blood that contains the antibodies that protect against illness

Most Read