Single family property owners ought to anticipate to see a boost of around $74 while business owners will see a typical boost of $86.
However real estate tax for multi-family residences are anticipated to climb up by approximately $281.
Councillor Cassi Hider says the choice supports business development in the city.
“We definitely need incentive for industry and small businesses to come to Medicine Hat. We have hit a bit of a lull and we got to give those guys a break. We have tons of business people in our community, they’ve paid their way and it’s time to have a balance,” says Hider.
“We all have to pay the tax man but they bring in some great opportunities for Medicine Hat and we need to take care of them,” includes Hider.
2023 tax notifications will be sent by mail to Medicine Hat locals on May 19.