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Council sets 2022 tax rates for average 3.15 per cent increase

City Council set the municipal tax rates for 2022, which will result in an average municipal tax increase of 3.15 per cent. ....

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Council sets 2022 tax rates for average 3.15 per cent increase

Council sets 2022 tax rates for average 3.15 per cent increase
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Cold Lake Council sets 2021 tax rate for near-zero tax increase

Cold Lake Council sets 2021 tax rate for near-zero tax increase
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At its regular meeting held this week, Cold Lake City Council set the municipal tax rates for 2021, which will result in a near-zero tax increase of 0.08 percent.
The residential tax rate is set at 8.8555, the multi-family residential rate is 8.9470, and the non-residential rate is 12.7975. All qualified, annexed properties will be taxed at the rate set by the Municipal District of Bonnyville or the City of Cold Lake, whichever is lower, as per the annexation order approved by the Lieutenant Governor.
The City says these rates will generate about $20.65 million from properties within the city to balance the City’s $53.9 million 2021 operational budget. In 2020, the City’s operational budget stood at $53.5 million with $20.62 million collected from municipal taxes. ....

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