Olds residents will get a break on their property taxes in 2013 but will pay more for utilities.
Council passed its $23.2-million operating budget on Monday and is anticipating no increase in tax rates.
Terryl Allen, the town’s corporate services director, said a typical home assessed at $284,000 resulted in a tax bill of $1,574 this year. Given that property values have been flat, that same resident can expect to pay the same next year.
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