2018 Tax Rate Bylaw approved for RM of Wood Buffalo

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The Regional Municipality of Wood Buffalo annouced this week the approval of its 2018 tax rate bylaw.

The 2018 tax bylaw includes a reduction in property taxes and a reduction in the tax ratio between rural non-residential and rural residential tax rates. The tax rate for rural non-residential properties was reduced by 16%, while the rural residential tax rate increased by 5%. Tax rates for urban residential, urban non-residential and other residential properties increased by 5%.

While these bylaw changes highlight reductions, there may still be an increase on your 2018 tax bill.

Tax notices will be issued in May, with a due date of June 29, 2018.