Property taxes in Fort McMurray are about to get a lot higher.
In the Province’s 2013 budget, the government increased Wood Buffalo’s education property tax payments by over 16 million dollars.
The city’s director of Assessment and Taxation Brian Moore says the province has been pretty clear about how they want the city to come up with the extra money.
“What they have said is, ‘you know what, we want you to increase the collection from the residential group of properties by 47%.’ So the biggest hit by far is going to be your average taxpayer,” said Moore.
Moore says it will cost the average homeowner about $400 this year, and another $400 next year.
The move comes after the province decided to phase out property tax mitigation, which controlled the amount the city had to pay.
April 11, 2013