Thursday, December 11, 2008

Dollars and (per)cents

St. Albert's percentage tax increase of 5.91 per cent might be lower than Edmonton's 7.3 per cent, but when looking at actual dollar amounts, taxpayers here stand to pay more. (That's what happens when St. Albert taxes are already the highest in the region).

Here's what St. Albert taxpayers would pay in municipal property taxes, should the 5.91 per cent residential and 7.55 non-residential increases hold up. 

Municipal taxes in St. Albert would be $2,473.84 for a typical $400,000 home in 2009, up $138 from current.

According to the Edmonton Journal story, municipal taxes would be $1,470 a year for a $400,000 home in Edmonton, or an extra $50 compared to 2008. 

Without a tax rate for Strathcona County it's tough to make a similar comparison. The Sherwood Park News story says the "average household" would pay an extra $105 annually in municipal taxes.

St. Albert commercial and industrial

The owner of a commercial or industrial property worth $900,000 would pay $10,395.40 in 2009, up $729.76. For a $1.8-million property that works out to $20,790.79 in taxes next year, up $1,459.

St. Albert council continues budget deliberations on Dec. 22.