Town of Pincher Creek Mill Rate increases 4.2%

Chris Davis, Pincher Creek Voice

At their April 24 meeting Pincher Creek's Town Council voted unanimously to amend the 2012 budget and increase the property tax rate for 2012 by 4.2%

Originally the rate was to be much lower, at 2.5%, with new tax revenue due to growth exceeding expectations.  Projected tax revenue growth was $22,000 but was actually $61,150.

The budget was amended to reflect additional dollars required for the Education and Pincher Creek Foundation requisitions.  The Pincher Creek Foundation manages Crestview Lodge.

According to a mill rate document provided by the Town, the following is the summary of the increased service and revenue costs:

• 1.1% Municipal tax increase to fund Town services
• 0.5% Pincher Creek Foundation increase
• 2.6% School Foundation increase

The Education Requisition increased by $130,629 (12%) more than 2011;  The Pincher Creek Foundation Requisition increased by $22,654 (29.5%) more than  2011.

Property taxes are calculated by multiplying your current property assessment by the mill rate.