Red Deer County residents can expect their property taxes to stay flat in 2017, as the county has approved a zero per cent increase for 2017.
At Tuesday’s meeting, council gave first Reading to the municipal tax rate bylaw for 2017. It features a zero per cent increase in tax rates and no increase in special levies.
The amount a property owner pays will only be impacted by their property assessment in the 2017 tax year.
“The county remains in a strong financial position,” said Jim Wood, Red Deer County Mayor. “We have healthy reserves and will be able to execute a very high level of service for our ratepayers again this year.”
The county’s budget for 2017 is $74 million, about $43 million of which comes from taxation. That money funds road maintenance, infrastructure, water and waste management, agriculture and environmental services, community services and fire, patrol and emergency management.
Council will give second and third reading to the tax bylaw at the May 9 meeting. Residents have until May 8 to comment on the bylaw.