Some good news for Town of Penhold residents, it looks like your taxes will not increase.
At the May 9th, Town of Penhold Council meeting, Bylaw 808/2022 received 2nd and 3rd reading giving the Town the same amount of taxes collected as last year. With Assessments going up the tax rate was reduced leaving the average home at a zero-tax increase.
Mayor Mike Yargeau stated that: “We are grateful to Administration for digging deep and helping us to hold the line on municipal taxes. Residents of Penhold have not seen a municipal tax increase for a number of years and yet the Town continues to see balanced budgets.”