Regina proposes 4.45% property tax increase

TheCity of Regina has released itspreliminary budgetand isproposing that property taxes go up 4.45 per cent this year.

Forthe owner of a typical Regina homewhich thecity sayshas a value of $285,000the city portion of taxes will be $1,479, an increase of$63.

That doesn't include school board or library taxes which, if lumped in, would bring the total tax bill for that typical homeowner to about $2,790 for 2013.

If approved, the city's capital and operating budgets will total $424 million.

City council will review the budget on Jan. 21.

Meanwhile, Saskatoon city council hasalready settledon itstax increase.City property taxes will rise by 4.99 per cent this year.