Red Deer considers tax rate increase

Red Deer city council will consider a 4.57 per cent tax rate increase for residential, multi-family and non-residential properties on Monday.

Red Deer city council will consider a 4.57 per cent tax rate increase for residential, multi-family and non-residential properties on Monday.

If the motion is approved, a homeowner would pay $57 more annually to $2,607 (from $2,550 in 2012) on their tax bill on a home assessed at $300,000.

For the 2013 tax year, the City of Red Deer will collect more than $39 million in property taxes, an increase of $1.5 million.

The tax increase includes the municipal, provincial education and Piper Creek Foundation requisitions.

The tax rate bylaw will come back to council for consideration of second and third reading on May 6.

Council approved a 4.3 per cent tax increase last year.

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