Lacombe raising residential taxes by 2.8%

Council meets goal of keeping tax increase within Consumer Price Guide change

Higher-than-expected growth helped Lacombe keep residential tax rate increases in step with inflation.

City council has made its goal to keep municipal tax rate increases at or below the Consumer Price Index, which measures how much costs have gone up for a set basket of items.

“Council is pleased to be able to continue delivering essential services and programs that protect and enhance the quality of life for our residents at a reasonable cost,” said Mayor Grant Creasey.

“I am pleased that the city remains steadfast in its promise to keep tax increases at or below the CPI.”

Like many central Alberta communities, residential property values declined over the past year because of the province’s slow economic recovery. In Lacombe, residential property values went down 2.7 per cent and non-residential properties fell 1.2 per cent.

However, both new residential and non-residential growth topped budget projections. The city forecast growth would add another $116,397 of revenues, but the actual number is $200,463.

The higher-than-anticipated assessment growth allowed city administration to transfer the increased revenue into general capital and maintain the property tax rate increase at 2.8 per cent.

“Like many communities, Lacombe was impacted by a slower economy in 2018,” said chief administrative officer Matthew Goudy. “Council took steps to limit expenses, and maintain a conservative approach to taxation.”

The owner of a typical house assessed at $380,006 will pay $4,047, an increase of $138 from last year. The typical non-residential property assessed at $773,069 will see an increase of $361, bringing the tax bill up to $9,931.

In addition to levying municipal property taxes, the city also collects money on behalf of the Lacombe Foundation, the Alberta School Foundation Fund and the St. Thomas Aquinas Roman Catholic Separate Regional Division.

“The provincial election posed a problem for city administration as the school requisition figures were not available,” said Justin de Bresser, senior manager of financial services. “We have estimated the levy increases based on historic averages.”

Tax notices will be mailed by the end of May, with the deadline to pay without penalty being July 2.

News tips

Like us on Facebook and follow us on Twitter

Just Posted

Red Deer stamp-collecting event a hit, local club expected to start in fall

Postage stamp-loving Red Deerians can expect to have a place to gather… Continue reading

Red Deer woman one of three arrested by Sundre RCMP

The 19-year-old had numerous arrest warrants out of various jurisdictions

Businessman and volunteer named 2019 Citizen of the Year

John Donald’s parents and sister were each honoured previously

School leader named Red Deer Young Citizen of the Year

Leading by example at Hunting Hills High School

Suspects shot at pursuing police during crime spree

No police officers were injured in May 17 shooting

WATCH: Sunnybrook Farm Museum in Red Deer welcomes spring

Sunnybrook Farm Museum is celebrating spring in Red Deer. On Saturday, the… Continue reading

Cast your votes for the Best of Red Deer

Nominations for the Best of Red Deer Readers’ Choice Awards are officially… Continue reading

BCUC sets out process for gas and diesel price inquiry, set to wrap Aug. 30

VANCOUVER — The British Columbia Utilities Commission says it has set out… Continue reading

Canada beats Czech Republic to advance to gold-medal game at world championship

BRATISLAVA, Slovakia — Canada’s latest win at the world hockey championship left… Continue reading

Police hunt suspect after explosion in French city of Lyon

LYON, France — French police on Saturday hunted a suspect believed to… Continue reading

No winning ticket for Friday night’s $32 million Lotto Max jackpot

TORONTO — There was no winning ticket for the $32 million jackpot… Continue reading

Girl, 13, charged in two alleged assaults in Saskatoon park

SASKATOON — Police in Saskatoon say they have charged a 13-year-old girl… Continue reading

New poll suggests one-third don’t want politicians to wear religious symbols

OTTAWA — While most Canadians firmly back the Charter of Rights and… Continue reading

Premier Legault to force the Caisse to purchase REM trains made in Quebec

MONTREAL — Premier Francois Legault says his government will force the Caisse… Continue reading

Most Read