The TransLink Board approved property tax and replacement tax hikes for 2026 that mean an average residential property’s bill will increase by roughly $35 or 7.5 per cent over last year and an average business class property’s bill will increase by $41.
The board voted on this during its March 25 quarterly meeting.
A report from TransLink CFO Patrice Impey and Rudy Sanatanoe, its director of corporate finance, indicates the target for the 2026 tax revenue from these sources is $727 million.