The Town of Okotoks will soon be mailing out property tax bill requirement to residents, after approving the 2017 property tax rate during last week's Okotoks Town Council Meeting.

Homeowners in Okotoks will see an increase of 3.9%, although the municipal tax portion only represents a small part of that figure.

Elaine Vincent, Town of Okotoks CAO says a typical homeowner should expect an increase of approximately $135 in property tax, but municipal taxes account for less than half of that.

"First their municipal taxes, which we keep to deliver services to residents is going up by 1% so for the typical residential property that is equivalent to about $22 more in taxes a year, so a relatively minor increase."

Vincent shares the other portion will go directly to the provincial government.

"We are also acting as a tax collector on behalf of the province, for the provincial education requisition so that will include amounts for education, the library and seniors housing, so that amounts to about $113 increase on a residential tax bill."

She adds municipal taxes go towards many facilities and services in town.

"It funds the clearing of our snow, clearing of our streets, the operation of our recreation centre, the operations of the Pason Centennial Arena, RCMP, Policing, Municipal Enforcement and Fire are the services you get for that tax dollar."

Half the Town's finances come from municipal taxes; sales and user fees account for approximately 43 per cent, and the balance is derived from grants.

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