Looks like taxpayers in Nanton are going to see a small rise in their municipal tax bill for 2019.

Mayor Jennifer Handley says municipal assessments are down, as is funding from other levels of government, which is leading to a shortfall.

"So residential assessments are going down three per cent. So, right out of the gate we are down three per cent in revenue. What we are projecting is about a 2.5 per cent increase in residential taxes this year."

Handley says she understands it's frustrating, but with lower assessment values on residential properties and government funding drying out, they need to increase taxes to maintain services.

"We know that we are already tapped out and that our residents are already tapped out. And it's difficult for a town our size, all town's our size have a similar mil rate and it's a tough pill to swallow for sure."

Handley says for the average homeowner that translates into about an extra $120 a year.

She says the tax rate will be set in stone once they get the provincial education assessment in the Spring.

 

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