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City Council eliminates property tax rate increase for 2020

Recognizing that the COVID-19 pandemic has had a significant financial impact on residents and business owners, City Council has directed the City Manager to update the 2020 operating budget on a one-time basis to eliminate a 1.82 per cent tax rate increase.

"We are aware that our residents and businesses have had major financial impacts as a result of the pandemic," says Mayor Chris Spearman, who initiated the amendment. "We believe removing the tax increase comes at a time when residents and businesses need some assistance to help get them through these unprecedented times."

Municipal property taxes are required to pay for services like police and fire protection, transit, streets and roads, community services and infrastructure.

All 2020 property tax notices will be mailed out at the end of May. Property owners that can pay all or part of their property taxes by June 30 are asked to do so.

Understanding that some residents may not be able to pay all of their property taxes by June 30, City Council approved changes to the 2020 property tax penalty dates where penalties will not be applied to unpaid tax balances until October 1.

City Council reviews the tax rate annually.

Media Contact:

Nick Kuhl

Communications Consultant

City of Lethbridge