.jpg)
Town of Drumheller residential taxpayers may receive a slight drop in the Municipal portion of their taxes this year.
Town Council approved the 2014 Mill Rate at their regular meeting of April 22, 2014.
The residential mill rate for the Town is 10.19 per cent this year, down from 10.3317 in 2013.
That means on a home with an assessed value of $175,000, the tax bill will be $1,783.25.
Acting Corporate Services Director Bill Wulff said about 46 per cent of residential and non-residential ratepayers for municipal taxes, district foundation taxes and education taxes, have a decrease of up to three per cent.
The municipal portion of the tax bill is set at 7.1940, down from the 2013 rate of 7.2268.
The school portion for residential tax bills is also down, from 2.7096 in 2013 to 2.5564 this year.
The Seniors Foundation portion of Drumheller tax bills, both residential and commercial, is up slightly, from 0.3953 to a rate of 0.4396.
Commercial ratepayers receive a drop in their school taxes to 3.7106 from 3.8132 last year.
The Municipal portion of the mill rate rises from 2013’s 11.5074 to 11.7695.
Total commercial taxes for 2014 add up to 15.9197, versus 15.7159 from 2013.
Taxes are based on the assessed property value from 2013, so if property is worth less than in 2012, then a property owner’s taxes will go down.
Bill Wulff said the 2014 property tax bills will be going out “forthwith.”
Taxes and municipal services can not be appealed to the Town, however, residents can appeal their assessment.
