Municipal mill rate in Rimbey goes up by two per cent

Depending on the assessed value of their home, taxpayers could see about an increase on the municipal portion of their tax bill

Depending on the assessed value of their home, taxpayers in Rimbey could see about a hundred-dollar increase on the municipal portion of their tax bill this year.

The increase equates to a home in Rimbey which is assessed at around $205,000, said acting CAO Lori Hillis, who noted the municipal mill rate has increased by two per cent this year.

Commercial taxes have also gone up two per cent.

Mayor Rick Pankiw is pleased with the minimal increase.

“We tried to listen to the taxpayers and make it as light as possible. The town is in good shape, barring any unforeseen disaster. As with all municipalities we are waiting for the NDP’s budget to determine what may happen (regarding municipal funding).”

Rimbey’s $6 million bud- get shows projected operating expenses of $5.8 million with $172,000 slated for reserves and $1.5 million to go towards capital expenditures.

Capital expenditures include $30,000 worth of upgrades to the RCMP station, two stand-by generators valued at $85,000 each for the community centre and Well 13, a new water well for $60,000 and main reservoir and pumphouse upgrades for $75,000.

Pankiw said the town has adopted a five-year plan to transfer unrestricted reserves into restricted reserves for areas such as public works and recreation.

The school requisition to the town this year was $872.672, a slight increase from last year’s bill of $826,913. Rimoka’s bill also showed a minimal increase from $32,502 to $33,115.

Assessments in the town of Rimbey went up by about 1.5 per cent.

Tax bills will go out today (Tues., May 19). Payments are due July 31 and a 12 per cent penalty will be charged for unpaid taxes.

 

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