Red Deer County council gives first reading to 2022 tax rate bylaw
Red Deer County council gave first reading to an amended Tax Rate & Minimum Tax Bylaw for 2022 with a two per cent increase on overall municipal tax rates.
The bylaw highlights the recommended tax rates for municipal purposes, seniors housing, policing, designated industrial property and the provincially prescribed education rates. This bylaw also gives the municipality authority to levy a minimum tax.
Based on the 2021 property assessment values, administration says the County has seen an increase of approximately $138 million, mainly due to the rise in residential development permits. They also claim to see an increase in all assessment classifications translating to around $832,000 in taxation growth.
“This will assist with the four to six per cent inflation that we are already experiencing,” administration said in the meeting’s agenda.


