Lacombe tax rate lower than expected

Lacombe council approved a 2.3 per cent municipal tax rate increase on Monday. For many residential taxpayers, the increase on their bills will be even lower because the school tax portion of the bill is lower this year. The owner of a typical house assessed at $253,032 will pay just under $41 more, to boost their total tax bill to about $2,461 from $2,420 last year. That works out to a 1.68 per cent increase.

Lacombe council approved a 2.3 per cent municipal tax rate increase on Monday.

For many residential taxpayers, the increase on their bills will be even lower because the school tax portion of the bill is lower this year.

The owner of a typical house assessed at $253,032 will pay just under $41 more, to boost their total tax bill to about $2,461 from $2,420 last year. That works out to a 1.68 per cent increase.

Commercial properties will see an increase of about 4.63 per cent.

Stronger-than-anticipated residential growth was a big factor in the decrease in tax rates from early estimates. Residential growth came in 3.92 per cent, well above the 1.87 per cent forecast by the city.

Commercial growth went up 2.29 per cent, slightly higher than the 1.97 per cent prediction.

That residential assessment growth benefited taxpayers when it came to the requisition for school taxes, which went down about one per cent.

“The city has passed on the savings from the school tax levy to residential property owners,” said Michael Minchin, the city’s corporate services director.

Total tax bills include municipal taxes, school taxes, and a levy for the Lacombe Foundation.

Mayor Steve Christie said he’s not really sure what led to the residential surge, but the city will be taking a closer look to see what can be done to keep it going.

“We know there’s a shortage of lots right now,” he said, speculating that people aren’t waiting as long to build new homes.

While residential growth is a good sign, the city is also conscious that more work needs to be done to encourage commercial and industrial development to balance the tax burden.

The city bought and is developing the Len Thompson Industrial Park towards that end.

pcowley@bprda.wpengine.com

Just Posted

Safe consumption site proposal draws big crowd to city council

More than 100 people turned out to speak for and against proposed safe consumption site

Cineplex reports third-quarter profit down from year ago, revenue up

TORONTO — Cineplex Inc. reported its third-quarter profit fell compared with a… Continue reading

Harder urges senators to embrace independent oversight of their expenses

OTTAWA — The government’s representative in the Senate is urging senators to… Continue reading

Canada’s Olympic and Paralympic committees disappointed, but respectful of vote

Gripped by disappointment after Calgary’s 2026 plans were seemingly snuffed after a… Continue reading

Two arrested in connection to Sunchild homicide

Suspects to appear in Red Deer provincial court

Updated: Red Deer RCMP introduce downtown policing unit

A four-member downtown Red Deer RCMP unit hit the beat on Thursday… Continue reading

Predators may have NHL’s best goalie combo on, off ice

NASHVILLE — Pekka Rinne is off to an even better start than… Continue reading

Canadian Premier League buys Ontario’s League 1, looks to develop talent there

TORONTO — The Canadian Premier League has bought Ontario’s League 1 and… Continue reading

2015 ‘Bachelor’ star pleads guilty to reduced charge

INDEPENDENCE, Iowa — A farmer who appeared on ABC’s “The Bachelor” pleaded… Continue reading

‘Game of Thrones’ returning in April 2019 for final season

LOS ANGELES — The eighth and last season of “Game of Thrones”… Continue reading

Big question for Amazon’s 2 chosen cities: Will it pay off?

WASHINGTON — The awarding of Amazon’s second headquarters to two affluent localities… Continue reading

Calgarians vote ‘no’ on 2026 Olympic bid in non-binding plebiscite

CALGARY — The results are in, and a majority of Calgarians are… Continue reading

Leon Draisaitl scores and adds two assists to power Oilers past Canadiens 6-2

EDMONTON — Leon Draisaitl had a goal and two assists and Connor… Continue reading

McGill students vote overwhelmingly for change to Redmen team nickname

MONTREAL — Students at McGill University have voted by a large majority… Continue reading

Most Read