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Posted on: May 8, 2018

City Council Approves 2018 Mill Rate

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Lloydminster, AB/SK – Lloydminster City Council approved the 2018 Property Tax Mill Rate and Taxable Assessment Bylaw during a special meeting of Council on Monday, May 7, 2018.

Each year, Council is required to pass a Property Tax Bylaw to set mill rates, which are calculated based on required revenues determined through the budget process. The mill rates calculated in the bylaw will provide the $30.5 million municipal levy and the $4.6 million capital levy.

Mayor Gerald Aalbers said historically low tax rates have led to a shortfall in municipal reserves, which must be appropriately funded moving forward. The City has also made changes to how revenues from utilities and land sales are allocated to better support viability and growth.

“The approved 2018 mill rate reflects Council’s commitment to building a strong and sustainable Lloydminster for the benefit of current and future residents,” said Mayor Gerald Aalbers. “While we work to shore up our reserves, we are also addressing a decreased assessment base and a number of ongoing infrastructure challenges.”

Lloydminster`s total taxable assessment base saw a 1.6% decrease from 2017 to 2018, down to $4.501 billion, from $4.575 billion.

“Through diligent consideration and compromise, we have been successful in setting a mill rate that meets our current needs, allows for future needs and still keeps Lloydminster among the lowest on the list of comparable municipalities,” said Mayor Aalbers.

Tax notices will be printed and mailed out before the end of May 2018 and tax payments are due June 30, 2018.


Media Contacts:

Mike Specht
Coordinator, Media & Digital Communications
P: 780-875-6184 Ext.2309

Leo Paré
Director, Communications
P: 780-875-6184 Ext.2711
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