Leduc City Council says no to a tax revenue increase for 2020
The City of Leduc will not be implementing a municipal tax revenue increase for property owners in 2020. Leduc City Council passed the 2020 Property Tax Bylaw this evening, sending a strong message to taxpayers letting them know they have heard residents’ concerns regarding the financial impacts of COVID-19 and are responding with a zero increase.
The overall impact will see an annual tax decrease of an average of $260 per household (based on an assessment of $325,000), and $1,050 for non-residential ratepayers (for every $1 million in assessed value). This was achieved through no tax revenue increase and up to a 2.75 per cent reduction relating to the Provincial Education Tax for 2020. In 2019, the city made an estimate relating to the education tax in anticipation of the provincial budget, which was released after the city’s fiscal budget year. As a result, there is a small savings in 2020 due to the city’s conservative estimate.
Property tax notices are slated for release in mid-July and citizens need to be aware of other key dates:
- Aug. 31, 2020 is the payment due date for property taxes
- Dec. 31, 2020 is the payment due date for non-residential property owners who opted to defer payment. To participate, email email@example.com before Aug. 31, 2020 deadline
- Late payment penalties will be waived for the remainder of 2020
To review the other ways the City of Leduc has helped residents and business, click HERE.
For more information, email firstname.lastname@example.org, visit Leduc.ca or call 780-980-7177.
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Leduc is a growing, dynamic city in the heart of Canada’s economic engine and conveniently located at the crossroads of air, highway and rail transportation. Leduc is a centre of innovation, entrepreneurship and quality of life. As a regional leader, the city, together with neighbouring municipalities, play a key role in protecting the integrity of Edmonton International Airport (EIA) and leading economic development in the region, including EIA Airport City. For information on non-emergency city services and programs, visit www.leduc.ca or follow us on Facebook.com/cityofleduc, Twitter (@cityofleduc) and Instagram (@thecityofleduc)
Mariann Tobin, Corporate Communications Officer