A total of 4,960 properties paid their property taxes to the District of Sooke by the July 2 deadline.
The compliance rate equals 86 per cent of taxes paid before the due date. There were 5,747 properties that had taxes levied this year, say district officials.
Properties that have not paid their taxes before the due date receive a 10 per cent penalty on outstanding current year taxes. For 2015, the penalty was $161,532.91.
Those properties could go up for sale within two years if the taxes aren’t paid, said Michael Dillabaugh, the district’s director of finance.
Historically, the majority of properties pay up within one year.
The District of Sooke has two primary sources of taxation revenue: property and sewer taxes. Property taxation is the largest source of revenue for the district, 34.14 per cent of total revenue.
Meanwhile, the district’s finance department released its quarterly budget variance report on Monday.
The district’s budget was on target for both quarter one and quarter two.
“There are a couple of areas above and below their budgeted amount, but nothing that sets off alarm bells,” Dillabaugh said.