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Medicine Hat City Council approved the 2025-2026 budget Monday night that includes a 5.6 per cent property tax increase in 2025 and another 5.6 per cent in 2026.
Based on the 2024 average assessed value of residential properties ($315,000 for a single-family home), Medicine Hat homeowners can expect a municipal increase of approximately $10 per month in 2025 and again in 2026.
Residential utility customers will see a one per cent increase in utility rates, while commercial rates go up five per cent and industrial customers increase by four per cent.
The historic level of earnings experienced by the City’s Energy Business over the past few years are not anticipated to continue into 2025-2026.The approved budget sets the city on a path to close the municipal budget gap without reliance on energy dividends by 2028.
For a full breakdown of the City’s budget, visit medicinehat.ca/budget.
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