Fort Saskatchewan’s 2018 tax bylaw is officially on the books.
 
City council passed the bylaw on Tuesday (Apr.24), approving a 1.42 per cent increase in municipal residential property tax. Factoring in provincial levies for education and Heartland Housing, homeowners will see a 0.92 percent property tax increase this year.
 
This equates to $28.74 yearly or $2.40 per month for a $400,000 home.

Council made two budget changes as part of the 2018 bylaw, approving an additional $701,500 for increased emergency response service levels and $135,000 for traffic safety.
 
Property taxes account for 58 per cent of the city’s revenue. Nearly $45 million of the city’s operating budget will come from taxes.
 
The municipal taxes portion of property tax bills helps the city pay for services like police, parks, roads and recreation services. The city also collects education taxes for the provincial government. The Heartland Housing Foundation receives tax funds to cover the costs of certain types of seniors’ housing in the city.
 
Councillor Jibs Abitoye said that the council keeps residents in mind when setting tax rates.
 
"Council is working very hard to ensure that our taxes are reasonable and not high," she said, adding that other municipalities in the area have seen higher property tax increases. "We try to be as balanced as possible. So we provide the services that are very much needed. And we try to also find a way to not burden our residents with very high property taxes."
 
Property taxes are due on or before Jun.30.

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