City council to discuss property tax rate

Red Deer councillors consider options

  • Apr. 13, 2017 12:30 a.m.

City council will give first reading to 2017 tax rate bylaw on Tuesday that sets the municipal portion of the tax bill.

Council must decide between four options, but the rate recommended by administration would increase monthly taxes by $2.69 per month for a residential home assessed at $325,000.

The recommended rate is a 1.12 per cent increase for residential, multi-family and non-residential property taxes combined with the requisitioned amounts from Alberta Education and Piper Creek Foundation.

In 2016 council passed a 3.13 per cent tax increase for residential, multi-family and non-residential property classes.

A homeowner with a $325,000 house paid $7.05 per month more in total property tax and brought their total annual tax bill to $2,789 from $2,704, an increase of $85 annually.

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