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County maintains municipal taxes with no increase set

County of Stettler taxpayers will see a minimal impact on taxes this year.

At its regular meeting May 12, county council approved a tax rate that reflects no increase in the municipal tax rate for 2010.

“County residents are getting good value for their tax dollars,” said chief administrative officer Tim Fox.

Mill rates were set after council adopted an operating budget of $33.11 million and capital budget of $1.38 million in February.

“We have tried hard to maintain a superior level of service without increasing the mill rate and I think this budget has achieved that,” said Fox.

“Although the municipal tax rate has not increased over last year, taxpayers will find that your overall tax rate will have increased slightly.”

This small increase reflects a jump in the requisition levied for schools as the county collects this amount on behalf of the province and has no control over the amount levied.

Residents may also find that their tax bill will vary, depending on any change that has occurred in their property assessment value (this may decrease or increase, depending on individual properties).

“During our analysis, we found that there will be areas that are going to see a reduction and areas n the county that will see an increase in assessment,” said Fox.

Taxes are always based on the previous year’s assessment, so land and buildings are being taxed based on their value in 2009.

For 2010, council set the residential mill rate at 4.0099 mills, farmland at 9.6229, while non-residential, machinery and equipment remains at 11.7042.

All these rates exclude the school requisition.