Leduc County Council approved the final 2022 budget and set 2022 tax rates at its regular Council meeting on Tuesday, April 26. The approved budget represents a two per cent tax-dollar budget increase over the 2021 budget.
The interim operating budget, which covers day-to-day municipal operating expenses, is set at $87.8 million, which includes $27.9 million in provincial requisitions collected on behalf of the Government of Alberta and the Leduc Regional Housing Foundation for school, designated industrial property and seniors' housing requisitions.
The interim capital budget, which includes infrastructure costs for buildings, roads, bridges and equipment, is $27 million.
"The 2022 budget reflects our optimism about economic recovery in Leduc County," said Mayor Tanni Doblanko. "We have always been committed to supporting our citizens by providing high-quality services while being mindful of the realities around us. This budget takes a measured approach and allows us to be flexible and adapt to the changing needs of our community.”
The two per cent tax-dollar budget increase results in a minimal tax increase for most property owners. Approximately 66 per cent of property owners can expect a property tax increase of less than $100, while nearly seven per cent will see no change compared to 2021. Less than three per cent of property owners will see a property tax decrease over 2021 due to an assessment value decrease.
Property taxes are comprised of municipal property taxes and requisitions. Each year, Leduc County collects tax dollars on behalf of the Government of Alberta and the Leduc Regional Housing Foundation. Leduc County has no control over this amount and is obligated to collect taxes on behalf of these organizations.
Property tax notices will be mailed to residents on May 12.
Taxes are due by June 30, 2022.
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