Innisfail town council sets property tax rates for 2025
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During its regular meeting Apr. 14, Innisfail’s town council approved an increase to the property tax bylaw of 0.6 per cent compared to last year.
The Municipal Government Act required council to approve the 2025 budget in December 2024, at which point it estimated a 2.82 per cent increase would be needed to meet the town’s financial responsibilities for the year. Once property assessments were completed this year, however, it was found that an increase of that value would have generated a surplus in Budget 2025.
As a result, council discussed and amended the tax rate increase for 2025 to 0.6 per cent.
“It is always challenging to balance the funding requirements of the municipality with maintaining current service levels, all while keeping tax rates unchanged,” explained Mayor Jean Barclay. “A substantial portion of this year’s increase is due to the education tax that is collected on behalf of the province; however, we are pleased to pass the carbon tax savings on to our taxpayers, allowing us to limit the mill rate increase to 0.6 per cent.”
