Lacombe taxes rise

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.

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.

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