The owner of a typical home in Lacombe will spend another $108 in property taxes this year after council gave final approval to its tax rates on Monday.
A home assessed at $254,000 will see its total tax bill go to $2,420 from $2,312 — a difference of 4.6 per cent.
Like most Alberta communities, the province’s education requisition — which makes up 28 per cent of local tax bills — had a significant impact.
The education requisition went up 7.2 per cent this year, which will add about $44 to the tax bill on the typical home.
Municipal tax rates went up three per cent, adding $63 to the tax bill.
The requisition for the Lacombe Foundation also went up, adding $1 to the tax bill.
In December, city council passed a $25.5-million operating budget that was designed to keep pace with inflation.
Council also passed a $25.9-million capital budget, which includes $12.8 million worth of Hwy 2A improvements.
The bulk of the capital budget — $18.5 million — is funded through provincial grants.