County reduces municipal tax rate by 1.2 per cent for 2020
County of Grande Prairie Council changed course on its 2020 Budget during deliberations this week due to the COVID-19 pandemic, ultimately resulting in the decision to reduce the municipal tax rate by 1.2 per cent for this year.
Following interim budget talks back in December, Council had decided on an increase of one per cent for 2020. However, with the economic climate that the pandemic has created, Council decided to lower its mil rate.
“As it stands now, we know even a small increase would be difficult for our community, so we have reduced the budget, with a 1.2 per cent decrease to the municipal portion of property taxes,” said Reeve Leanne Beaupre. “We hope this, combined with the waiving of penalties for late payments from June 30 to October 31, will help reduce the challenges many of our residents and businesses may be experiencing.”
The new mil rate means that an average residential property valued at $435,000 will see a property tax bill of $2,851. However, taxes may vary based on individual property assessments and changes to its market value.