The City of Lloydminster has passed its 2025 property tax mill rate, bringing with it a 2.47 per cent property tax increase.
This is down from the original 4.5 per cent increase but up slightly from the previous 2.37 per cent.
Read more: Non-profit organization property tax exemption notice
A drop in assessment was the cause of the slightly higher tax rate.
“It’s primarily from the provincial assessors, so it would be designated industrial properties,” said Scott Pretty, director of assessment and taxation.
“Even more refined, it was most machinery and equipment from one of our major plants.”
The assessment revisions were made following the first reading. The total taxable assessment for 2025 is $5.055 billion, up 4.87 per cent over 2024.
At the time of the council meeting, a potential Canada Post strike was a worry as to how residents would get their property tax notices.
“We’re working on a number of different things,” said Pretty. “I already have calls in with the provincial government asking what choices we have. We’ve been working the last couple of weeks with our communication team, putting messages in with utility billing and through emails hoping to get as many people signed up for electronic communications as possible.”
Property tax notices will be sent out to residents to be paid following council adopting the property tax mill rate bylaw.
Residents can also sign up online to receive electronic notices or pay their taxes at this link.
Read more: Council prepares tax bylaw
Creative accounting by the city. Hire your own assessors, inflate property values and “drop the tax increase” Personally mine went up 12%. A far cry from the 2.37 they are advertising.