CITY COUNCIL APPROVES THE SLOW DRIP OF TAX INCREASES

What started out as a 6.6 % increase in the fall, earlier in April we were led to think the 6.6% had grown to become 8.7%. Tuesday it became official that the increase would not be 8.7% as previously thought, but a whopping 8.9%. The City says the tax dollars will help pay for more services, including the new metro line to NAIT, increased bus service, and a bigger homeless camp response. The aforementioned are big ticket items, hopefully we get fuller details of the budget.

The 8.9% increase amounts to about $66.00 for every $100,000 in assessed property value. The table below gives you a picture of what the 8.9% increase will mean to your already high tax burden. Tax notices including the 8.9% increase will be mailed to property owners on May 23 and taxes will be due June 30.

Property Value 8.9% Increas

$100,000 = $66.00

$200,000 = $132.00

$300,000 = $198.00

$400,000 = $264.00