Lacombe County approves 2017 tax rate
LACOMBE – Lacombe County has approved the 2017 operating and capital budgets and tax rate bylaw.
Municipal tax rates will increase by 1% this year for residential, farmland and non-residential properties over 2016 rates.
“Council’s commitment to minimize tax increases reflects the current economic climate in Alberta and despite the 1% increase, Lacombe County ratepayers continue to enjoy one of the lowest tax rates in the province,” commented Commissioner Terry Hager.
The 2017 operating budget of $65.8 million includes $11.5 million for the Alberta School Foundation Fund requisition and just over $400,000 for the Lacombe Foundation requisition.