Lloydminster's tax rate is going up 3.84 per cent. (file photo/battlefordsNOW Staff)

By battlefordsNOW Staff

Border City tax

Lloydminster City Council passes increased 2022 mill rate

Jun 1, 2022 | 12:18 PM

The City of Lloydminster approved a slight tax increase for residents.

Following a final assessment of property values in May, Council approved Administration’s recommendation of a bump for the local mill rate, including a 3.79 per cent increase in the municipal levy for residential and commercial properties.

The seamless education levy, which is designed to accommodate families living on either side of the border, saw a -5.4 per cent decrease.

The total taxable assessment, including assessment revisions, for the 2022 tax year is $4.5 billion, up from $4.4 billion in 2021 or a 1.5 per cent overall increase.

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In 2022, with the assessment and proposed mill rate changes, the levy will collect an estimated $38,746,085 for municipal purposes, as approved in revisions on May 9.

Lorelee Marin, City Councillor and Deputy Mayor, said that the budget established in the fall meant that property assessments coming in May to establish the mill rate were going to have to adjust to achieve the budget

“We trimmed as much as we could, had some extra expenses come up, such as the RCMP budget increase,” she said. “But we had to make sure we had the funding to keep services at the level residents expect.”

Administration also looked at tax rates across Alberta and Saskatchewan of other mid-sized cities to see where Lloydminster fares in comparison.

“Our tax rates were middle or lower third of the cities that we surveyed,” Marin said.

The Town of Battleford approved a 2.5 per cent tax increase in early May, while North Battleford is seeing a 5.5 per cent increase.

When looking at individual adjustments for residents, the total impact for a home with an assessment of $250,000 is an increase of $3.97 a month. For commercial property owners, it’s roughly $27.44 more per month for properties valued at $750,000.

Marin said Council only had one response after May 9 when they passed the bylaw for revisions.

“I would suggest that because we haven’t heard from residents, they’re pleased with how we’ve managed the mill rate,” she said.

Tax notices will be mailed out on June 10 and are due upon mailing. Under the Border City’s Penalty Bylaw, the last payment date before penalties is July 25.

Payments can be made at City Hall, through a financial institution, or online banking. For more information, visit Lloydminster.ca/payments or LloydTaxes.ca.

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cjnbnews@pattisonmedia.com

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