Property taxes increasing for first time in three years
MEDICINE HAT, AB – Hatters will be paying a little bit more in property taxes this year.
City council voted unanimously to adjust a bylaw in order to increase the city property tax for the first time in three years. Council was given a presentation by Lola Barta, acting corporate services manager for the city. Barta said the average median household can expect an increase of four per cent, which equates to $107 per year on average.
Council was presented with three different scenarios by Barta on how to spread out the tax burden. Council ultimately agreed on an option that shares the impact among three different property classes– single family homes, multi-family homes, and non-residential properties. Barta says this is the best option for the city and its residents.