Lacombe County property tax up 2.5 per cent

Lacombe County residents will see a 2.5 per cent tax increase next year.

An owner of a $400,000 residential property can expect to see their municipal tax bill rise by $24.40; all other properties will see a 4.5 per cent increase on property tax.

Residential property tax rose by one per cent last year, which added an additional $9.70 to residents’ municipal bills.

An additional $322,300 was transferred from the tax stabilization reserve to keep the tax rate increase down in 2018.

This comes after Lacombe County council approved its interim operating and capital budgets for next year.

The county’s operating budget is set at $56.3 million and the capital budget $26.6 million, which is up about $7 million from last year’s budget.

“Council felt this budget will allow Lacombe County to take advantage of the competitive pricing environment for new infrastructure projects, while protecting our existing infrastructure assets,” said Tim Timmons, manager of corporate services.

The capital budget includes a partnership with the City of Lacombe to extend water and wastewater services to county lands west of Hwy 2, with the county’s share totalling about $7.4 million.

The budget also includes $4.5 million for the construction and rehabilitation of 19 kilometres of local roads, $10.3 million for an additional 21 kilometres of road paving projects and $54,000 of infrastructure improvements to the Hamlet of Mirror’s wastewater storage system.

County Reeve Paula Law said each year council looks to balance present needs and future growth.

“Council felt this budget will balance the reality of managing a municipality with the expectations of our ratepayers,” said Law.

The interim operating and capital budgets are approved every December, but the final budgets and tax rates are not set until the following spring.

This is because the county won’t know what the province’s education requisition will be until then.



Send your news tips

Like us on Facebook and Follow us on Twitter

Just Posted

Red Deer RCMP investigate reports of a weapon

Collicutt Centre and high schools reopen

Energy regulator says crude-by-rail shipments fell to 310,000 bpd in August

CALGARY — The Canada Energy Regulator says exports of crude oil by… Continue reading

Red Deer ICU included in leading-edge study

Looking at standard versus accelerated dialysis in critically ill patients

UN report highlights ‘abhorrent’ housing conditions for Indigenous people

A United Nations report is highlighting the role “abhorrent” housing conditions play… Continue reading

Lane closures on 49th Avenue in Red Deer on Tuesday

City crews start working near Baymont Inn and Suites

WATCH: Red Deer Citizens on Patrol monitoring downtown with new program

Volunteers will patrol downtown Red Deer to help keep the city safe.… Continue reading

Your community calendar

Tuesday The Small Business Centre at Burman University’s School of Business invites… Continue reading

Health: What should I mix with my rum?

Have I been leading readers astray? For years this column has stressed… Continue reading

Family: Reflections on Thanksgiving and other holidays

With Thanksgiving over and done with its time to get on with… Continue reading

Blondin adds to medal tally at Canadian speedskating championships

CALGARY — Ottawa’s Ivanie Blondin won a pair of gold medals on… Continue reading

Hofbauer, Pidhoresky qualify for marathon event at Tokyo 2020 Games

TORONTO — Calgary’s Trevor Hofbauer and Vancouver’s Dayna Pidhoresky are Tokyo bound.… Continue reading

Mike Downie says Secret Path Live was ‘powerful’ and he’d ‘love to do it again’

TORONTO — A brother of the late Tragically Hip frontman Gord Downie… Continue reading

Taika Waititi says ‘Jojo Rabbit’ isn’t a ‘challenging’ take on the Holocaust

TORONTO — “Jojo Rabbit” director Taika Waititi is laying flat on the… Continue reading

RDC Queens honour graduating players, fall in season finale

Rattlers 6 Queens 0 It’s been a rough tumble to the end… Continue reading

Most Read