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City approves tax increases

Lloydminster city council has passed tax increases as outlined in the council documents for May 30th.

The 2022 Property Tax Mill Rate and Taxable Assessment Bylaw will see a residential increase of 1.94 per cent and a non-residential increase of 2.68 per cent compared to 2021, according to the city.

The city documents that the total taxable assessment, including assessment revisions, for the 2022 tax year is $4.505 billion, which is up from $4.438 billion in 2021 or a 1.5% overall increase. They state further the new taxes will collect an estimated $38,746,085 for municipal purposes, as approved in the 2022 Budget revisions on May 9th.

The city will mail out tax notices on Friday, June 10th. The last payment date before penalties is Monday, July 25th. Payments can be made at City Hall, through a financial institution, or online banking.

More information can be found on the city’s website.

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