2018 Tax Rate Bylaw approved for RM of Wood Buffalo

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.