Council to talk tax rate bylaw

Red Deer homeowners could pay on average $49 more on their property bills this year.

Red Deer homeowners could pay on average $49 more on their property bills this year.

Council will consider options for the 2014 Tax Rate Bylaw on Monday.

Administration is recommending a 3.87 per cent increase across the board for residential, multi-family and non-residential property classes. This maintains the same municipal tax distribution as in 2013 between each of the classes.

Under the recommended option, the owner of an average residential property assessed at $300,000 would pay $4.12 more each month, bringing the annual tax bill to $2,516 from $2,467.

As for a non-residential property, the owner would pay $9.35 more each month or $112 more on their tax bill.

Administration will present other options for council to consider.

Council will also hear the 2013 annual financial report. The Municipal Government Act requires that municipalities prepare annual financial statements and submit them to Alberta Municipal Affairs by a May 1 deadline.

A public hearing will start at 6 p.m. on the proposed rezoning of A1-Future Urban Development District land to R1-Residential (Low Density) District; R1A-Residential (Semi-Detached) and P1-Parks and Recreation District, for the third phase in the developing Timber Ridge neighbourhood.

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