Country approves two per cent tax increase

Red Deer County has approved a two per cent municipal tax rate increase.

Red Deer County has approved a two per cent municipal tax rate increase.

A three per cent increase was anticipated last December, but $1.5 million in new development added enough new assessment to lower the rate.

On a typical home assessed at $300,000, ratepayers will see their annual municipal taxes increase to $1,078. 26 this year, from $1,054.50, an increase of $23.76.

Red Deer County’s combined operating and capital budget is $66.8 million, down from $73.7 million last year.