County Approves Tax Freeze for 2021
Tuesday, April 13, 2021
Rocky View County Council has unanimously approved a budget that represents a 0% tax freeze for business and residential properties in the County. The approved budget adjustments are required to finalize Rocky View County’s 2021 Operating and Capital budget.
Despite the continued financial impact of the pandemic on the economy, Council has worked with Administration to ensure that property taxes provide great value while helping residents and businesses deal with the current situation by not raising their tax burden.
The County’s solid and sustainable financial situation allows for such a move, with the economic well-being of Rocky View County residents and businesses remaining a priority during these unprecedented and disruptive times.
The 2021 operating budget is $216 million, in addition to nearly $53.4 million slated for capital projects. Approximately $74.1 million, or less than half, is funded through municipal property taxes.
Council will approve the 2021 Tax Rate Bylaw at an upcoming meeting, which will allow the County to send property tax notices. Despite a rate freeze, the property taxes owing may still go up or down depending on whether there is an increase or decrease to the property’s most recent assessed value.
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