Comox residents will see an increase in property taxes after Town Council unanimously approved its 2026 to 2030 Financial Plan and 2026 Tax Rates Bylaw this week.

For a home assessed at about $840 thousand, the Town’s share of property taxes will increase by roughly $141.50 this year, or just under $12 a month.

Homeowners will also contribute an additional $51.79 annually to the Town’s Infrastructure Renewal Fund, which helps cover the cost of maintaining and replacing critical municipal infrastructure.

Mayor Nicole Minions says council worked to balance community priorities with the financial impact on residents, including reducing spending and scaling back special projects where possible.

She says the budget is focused on maintaining core local services while making targeted investments in amenities and infrastructure that support quality of life in Comox.

Planned investments this year include park upgrades and recreation improvements, including a new bouldering wall and replacement fitness studio equipment.

The Town will also develop a Recreation Master Plan, begin expansion and upgrades to the existing fire station, and continue improvements in Downtown Comox, the marina, and waterfront areas.

The budget also supports completion of the Mack Laing viewing platform and the opening of Newson Family Nature Park.

The Town notes that while residents pay their property taxes to Comox, only 45 percent of each residential tax dollar stays with the municipality, with the remaining 55 percent going to service partners such as the regional district, schools, hospital, library, BC Assessment, and the Municipal Finance Authority.

For details about the budget process, the plan and your property taxes for 2026, visit Town of Comox.