It’s just about time to pay your property taxes.
Strathcona County is preparing to mail out property tax notices with a June 30 deadline to pay. Residents can expect an average property tax increase of 2.28 per cent, based on the 3.11 tax increase approved by council in December 2021. Some will pay more or less depending on how their property assessment changed.
This means for a sample single-family residential property assessed at $431,000, property taxes will be a total of $68.84 more for the year, or $5.74 more a month.
“For several years, we have had low or no tax increases that we achieved through efficiencies and focusing on priorities. Property taxes at 2.28 per cent this year help the county deal with inflation, which is up 4.32 per cent over last year,” said mayor Rod Frank.
Of the total 2022 residential property taxes collected, 61 per cent pays for municipal services, 4 per cent goes to the Strathcona County Library and Heartland Housing Foundation, and 35 per cent is collected on behalf of the provincial government for education.
“Inflation is starting to squeeze municipalities in a real way,” Frank continued.
“Add to these operational pressures, such as our need to add 12 full-time firefighters in 2022 to support our overstretched emergency services, and you see the challenge we’ve met in being able to maintain service levels and the upkeep of our facilities, parks and roadways at a tax rate increase lower than inflation.”
Property owners can expect to see their tax notices mailed in mid-May. Those who do not receive theirs are asked to contact the county.
A property tax calculator is available on the county’s website, which provides and monthly property tax breakdown in addition to how your property tax dollars are divided toward municipal services.
The deadline to pay property taxes in Fort Saskatchewan is also June 30.