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Council sets tax rates for 2021 at May 4 Regular Council Meeting

Mill rates remain the same; Council ensures continuity of services and programs with reserve fund

Post Date:05/04/2021 3:02 PM

At the May 4, 2021 Regular Council Meeting, Lac La Biche County Council approved 2021 tax rates, keeping them the same as 2020.

Rural non-residential rates are 18.3647 mills, urban non-residential rates are 10 mills, and residential and farm rates are 3.12 mills. The tax rate, also known as the mill rate, determines what amount per $1,000 of a property’s assessed value is taxable. The County’s tax bill also includes provincial requisitions to fund education and seniors’ lodges, but these are outside the County’s control.

These mill rates bring in tax revenues of $67,017,048. This is a decrease of $1,232,953 compared to budgeted revenues of $68,250,001, due to a significant reduction in rural non-residential assessment. To make up for this shortfall, Council transferred $1,225,000 from the Revenue Stabilization Operating Reserve Fund (a $5 million fund set aside in 2020 for scenarios like this).

“The pandemic has been a struggle for everyone, and Council wanted to ensure that we don’t increase the tax burden on our residents,” says Mayor Omer Moghrabi. “However, this past year, it’s become clearer to us than ever before just how much citizens rely on the essential services that Lac La Biche County provides. We planned for exactly this scenario, and thanks to our reserve fund, we’re able to keep all of our services and programs at the same level without raising taxes.”

Tax payments are due by June 30, 2021 for all taxpayers without incurring penalties. Tax notices will be mailed out soon, and payable with a variety of methods (dependent on current COVID-19 restrictions). Penalties will apply for all payments received after June 30, 2021.

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