Red Deer County Council passed the first reading of the 2024 Tax Rate Bylaw during the April 23 regular meeting.   

Tax rates vary on individual properties and are based on market value assessment.   

Red Deer County tax rate categories. Screen capture from Red Deer County website. 

The new tax rate for community services will increase to 1.0368 from 0.9423, and protective services will decrease from 0.7751 to 0.6140, a Red Deer County press release said.   

“The importance of ensuring long-term fiscal sustainability, and that a modest increase will help maintain current service levels that residents and businesses desire,” Mayor Jim Wood said. “Taxes at Red Deer County continue to be low and extremely competitive compared to other municipalities.”  

Under the bylaw, the county will collect $52.3 million in taxation, to achieve budgeted work plans for the year.  

Council was presented with a 1.0226 mill rate increase to farmland properties, a 0.0407 mill rate increase to residential properties, and no increase to non-residential properties.  

“Given the continued inflationary pressures facing the delivery of services, we are pleased that we have been able to maintain our non-residential tax rates at 2023 levels,” Dave Dittrick, Director of Corporate Services said. “Growth through new construction has helped offset what would have otherwise been a need for a higher taxation rate increase.”