City Council discussing 2021 Mill Rate increase to keep pace with rising costs
City Council discussing 2021 Mill Rate increase to keep pace with rising costs SHARE ON: Lloydminster residents are facing a proposed increase on their 2021 Municipal Taxes. The Mill Rate and Taxable Assessment, Bylaw No. 18-2021 saw the first reading at City Council’s regular meeting on Monday, May 17th. The Total Annual Impact for residents is a 3.95 per cent increase over the 2020 Mill Rate. Depending on property valuations, residents could be paying annually an extra $93.32 on a $250,000 home, and on the high end for a $500,000 property, it’s an extra $186.65 or $15.55 monthly. Values...