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Lacombe County approves 2024 tax rates

Apr 13, 2024 | 12:54 PM

Lacombe County council has finalized tax rates for 2024.

Residential property tax rates will see no increase, while farmland and non-residential rates go up by one per cent.

These are consistent with projections approved during budget talks last November.

“Approving the 2024 tax rates without increasing the burden on our residential taxpayers – especially with inflation being a concern for so many people – reflects our commitment to responsible governance and community support,” said Lacombe County Reeve Barb Shepherd.

“This approach ensures that we continue to provide essential services while fostering an environment conducive to growth and stability in Lacombe County.”

The municipal tax levy for 2024 is set at $36,117,420, showing a progression in the County’s financial strategy to support its growing needs, the County explains, adding that the levy supports various County services and initiatives, ensuring that Lacombe County remains a vibrant and thriving community.

“The 2024 budget adjustments and the resulting tax levy are designed to strategically support significant County initiatives, including public safety, infrastructure development and maintenance, and support for our neighbouring communities,” said County Manager Tim Timmons.

“We are committed to enhancing our community’s well-being while carefully managing the financial contributions required from our residents and businesses.”

The County adds that tax contributions enhance quality of life and provide essential services that make the county a great place to live and work, while continuing sustainable growth.

For more information on the Lacombe County tax rates, visit the County’s website.

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