By rdnewsNOW staff

Red Deer County approves 2018 tax bylaw

May 9, 2018 | 6:50 AM

RED DEER COUNTY- At their meeting on Tuesday, Red Deer County Council approved second and third reading of the municipal tax rate bylaw for 2018.

Tax rates will vary on individual properties, and are based on their market value assessment.

Under the bylaw, residential municipal taxes will see an increase of $20 per $100,000 of assessed value.

Non-residential taxes will see an increase of $120 per $100,000 of assessed value.

According to County CAO Curtis Herzberg, “This tax rate will keep Red Deer County in a strong financial position well into the future. The County will continue a very strong Capital Projects program, and ensure that residents and business owners have the levels of service they expect.”

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Mayor Jim Wood commented, “There has not been a tax increase in Red Deer County since 2015. We continue to hold the line on farmland taxation, and we are providing the services that everyone is asking for. We remain competitive with our adjacent municipalities, and I look forward to a strong economy helping our local businesses.”

Red Deer County’s 2018 budget is $87 million, which is up from $74 million in 2017.

About $47 million of the budget comes from taxation.

The money is used to fund everything from maintenance of roads and infrastructure, to water and waste management, agriculture and environmental services, community services, fire, patrol and emergency management.

June 30 is the deadline for payment.
 

(Gary McKinnon – Red Deer County)