HomeMy WebLinkAboutBylaw 1834 - 2021 Property Tax Bylaw.Wneehill
COUNTY
BYLAW NO 1834
2021 PROPERTY TAX BYLAW
A BYLAW OF KNEEHILL COUNTY, IN THE PROVINCE OF ALBERTA, TO AUTHORIZE THE RATES OF TAXATION TO
BE LEVIED AGAINST ASSESSABLE PROPERTY WITHIN KNEEHILL COUNTY FOR THE 2021 TAXATION YEAR.
WHEREAS, Kneehill County has prepared and adopted detailed estimates of municipal revenue, expenses and
expenditures as required, at the Council meeting held on February 23, 2021; and
WHEREAS the estimated municipal revenues from all sources other than property taxation total $7,480,689;
and
WHEREAS the estimated municipal expenses (excluding non -cash items) set out in the annual budget for
Kneehill County in 2021 total $29,947,902; and the balance of $22,467,214 is to be raised by general municipal
property taxation; and
WHEREAS the estimated amount required for future financial plans to be raised by municipal taxation is
$6,857,630; and
WHEREAS the County prepares additional Bylaws for Special Tax Rates as per Division 5 of the Municipal
Government Act being the 2021 Trochu Recreation Area Special Tax Bylaw #1836 and the 2021 Water Service
Area Special Tax Bylaw #1835;
THEREFORE, the total amount to be raised by general municipal taxation is $22,467,214;
WHEREAS the requisitions are:
Alberta School Foundation Fund
2021 Levy 2020 Over Levy 2021 Requisition
Residential & Farmland $1,689,253 $17,440 $1,706,693
Non -Residential $3,459,559 $ 746 $3,460,305
$5,166,998
Designated Industrial Property $ 90,289
Seniors Foundation
2021 Lev v 2020 Over Lev v 2021 Requisition
All Assessment $75,710 $ 180 $75,890
Bylaw No. 1834, 2021 Property Tax Bylaw
Page 2 of 3
WHEREAS the assessed value of all property in Kneehill County as shown on the assessment roll is:
Residential
Farmland
Non-residential
Machinery & Equipment
Designated Industrial Property
Total Assessment
516, 047, 340
151,703,550
54,493,460
39,599,900
1.178,706,230
1,940,550,480
NOW THERFORE under the authority of the Municipal Government Act, Kneehill County Council enacts as
follows:
1. That the Chief Administrative Officer is hereby authorized to levy the following rates of taxation
on the assessed value of all property
as shown on the assessment roll of Kneehill County:
Tax Levy
Assessment
Tax Rate
General Municipal
Residential
$ 1,622,286
516,047,340
0.003143677
Farmland
$ 1,443,799
151,703,550
0.009517239
Non -Residential
$ 1,112,882
54,493,460
0.015208340
Machinery & Equipment
$ 638,452
39,599,900
0.015208340
Designated Industrial Property
$17,605,835
1,178,706,230
0.015208340
Minimum Levy
$ 43,960
$22,467,214
1,940, 550,480
Alberta School Foundation Fund
Residential & Farmland
$ 1,689,253
667,571,620
0.002530444
Non -Residential
$ 3,459,559
907,898,250
0.003810514
Designated Industrial Property
$ 90,289
1,178,706,230
0.000076600
Kneehill Housing Corporation $ 75,720 1,940,371,210 0.000039018
2. That the minimum amount payable per parcel as property tax for general municipal purposes
shall be $100.00.
Bylaw No. 1834, 2021 Property Tax Bylaw Page 3 of 3
3. The total Tax Rate for each Assessment Category is as follows:
Municipal Tax
Rate
Residential
.003143677
Farmland
.009517239
Non-
.015208340
Residential
Machinery &
.015208340
Equipment
DIP Industrial
.015208340
ASFF Tax
Kneehill
Rate
Housing
Corporation
.002530444
.000039018
.002530444
.000039018
.003810514
.000039018
.000039018
.003810514 .000039018
Designated Total Tax
Industrial Rate
Property
.005713139
.012086701
.019057872
)000766 .015323958
)000766 .019134472
4. This bylaw comes into force at the beginning of the day that it is passed unless otherwise
provided for in the MGA or another enactment or in the bylaw. This bylaw is passed when it
receives third reading, and it is signed in accordance with 5.213 of the MGA.
READ a first time on this 2711 day of April, 2021.
READ a second time on this 27th day of April, 2021.
READ a third time and final time of this 11th day of May, 2021.
a4kV64
61 Reeve
Jerry Wittstock
Chie dministrative Officer
Mike Haugen
Date Bylaw Signed