Quote:
Originally Posted by mykalberta
For tax adjustments, if the City needs 5% more in revenue wouldnt it have to increase taxes by 10% because the province takes 1/2?
|
The province sets its mill rate independant of the cities. So if the province leaves its rate flat than your taxes would only go up roughly 2.5% while the city portion goes up 5% and the provincial portion remained flat. I do think that the city takes more than 50% right now. Not sure the exact amount but I think approaching 55%.