May 2016 News Archive

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City Council sets 2016 tax rates

May 9, 2016 4:27 PM
(Red Deer, Alberta)

Red Deer City Council set the new property tax rates for 2016 at today’s Council meeting.

The combined tax increase required to fund the municipal tax requirement as well as the requisitioned amounts from Alberta Education and the Piper Creek Foundation result in total tax increases of 3.13 per cent for each residential, multi family and non-residential property types.

“The City is required under legislation to collect education taxes at the tax rates set by the province to fund education. Education property tax must be collected by municipalities for the Province which adds to the bottom line of the tax notice,” said Joanne Parkin, Revenue and Assessment Services Manager.

For the 2016 tax year, The City of Red Deer will collect more than $43.7 million in property taxes on behalf of the Government of Alberta to fund education.

A residential home assessed at $325,000 for 2016 that has experienced the average change in assessed value will pay $7.05 per month more in total property tax. This brings the total annual tax bill from $2,704 to $2,789, an increase of $85 annually.

“Our municipal taxes are used for services ranging from maintaining our roads and parks to providing police and emergency services,” said Parkin. “It’s about collecting enough to provide necessary services for Red Deer residents.”

Taxes are due on Thursday, June 30. Amounts left outstanding after June 30 will be subject to a seven per cent penalty on July 1, except for property owners who are enrolled in the Tax Instalment Plan. Property tax payments can be made at City Hall, online, at your financial institution, by mail, or through our Tax Instalment Plan.

Property tax notices will be mailed on May 20, 2016. More information about The City of Red Deer’s property assessment and taxation is available online at www.reddeer.ca/tax.

For more information, please contact:

Joanne Parkin
Revenue and Assessment Services Manager
The City of Red Deer
403-342-8124

Communications & Strategic Planning
The City of Red Deer
403-342-8147

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