At their meeting on May 12, Magrath town council passed the 2020 Tax Rate Bylaw.
“The bylaw keeps the town’s mill rates at the same level they were in 2019,” reads a statement on the town’s website. “In addition to the deferral options that the town announced last month, administration was able to successfully prepare this year’s budget based on the goal of a zero per cent increase to the residential and non-residential mill rate. Now passed by council, this means that every property owner in Magrath will only see the municipal portion of their property tax increase this year if their property assessment value increased.”
“By not raising the mill rate this year and offering the deferrals to residents to use if needed, it was the town’s objective to give our residents greater certainty and control in being able to manage their finances through these unprecedented economic times.”
Tax notices should have been mailed out by the end of last week.
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