HomeMy WebLinkAboutBylaw 1897 - 2024 Tax Levy Bylaw rxneeiill
COUNTY
BYLAW NO 1897
2024 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 2024 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 December 12, 2023; and
WHEREAS, the estimated municipal revenues from all sources other than property taxation total $4,852,422;
and
WHEREAS the estimated municipal expenses (excluding non-cash items) set out in the annual budget for
Kneehill County in 2024 total $30,497,413 and the balance of$25,644,991 is to be raised by general municipal
property taxation; and
WHEREAS the estimated amount required for current and future financial plans to be raised by municipal
taxation is $8,832,158.
WHEREAS the County prepares an additional Bylaw for Special Tax Rates as per Division 5 of the Municipal
Government Act being the 2024 Trochu Recreation Area Special Tax Bylaw#1899;
THEREFORE,the total amount to be raised by general municipal taxation is $25,644,991.
WHEREAS, the requisitions are:
Alberta School Fund Requistion
Residential and Farmland 1,919,588.00
Non-Residential 3,653,309.00
Over/(Under) Levy 640,286.00
Reserve funded portion (640,286.00)
5,572,897.00
Designated Industrial Property 100,946.11
Seniors Foundation
All assessment 303,870.91
Over/(Under) Levy 266.28
Reserve funded portion (220,024.00)
84,113.19
Bylaw No. 1897, 2024 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 660,620,010
Farmland 151,648,850
Grants in Lieu of Taxes 244,950
Machinery& Equipment/ Power Generation 418,439,370
Non-Residential 65,841,070
Non DIP Industrial Property 20,090,690
Designated Industrial Property 84,943,700
Linear Property 837,950,110
2,239,778,750
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:
General Municipal Assessment Tax Levy Tax Rate
Residential 660,620,010 1,972,119.85 0.002985256
Farmland 151,648,850 2,367,136.19 0.015609325
Estimated add'I minimum levy 79,033.32
Grants in Lieu of Taxes 244,950 731.24 0.002985256
Machinery& Equipment/ Power Generation 418,439,370 6,233,321.41 0.014896594
Non-Residential 65,841,070 980,807.69 0.014896594
Non DIP Industrial Property 20,090,690 299,282.85 0.014896594
Designated Industrial Property 84,943,700 1,265,371.81 0.014896594
Linear Property 837,950,110 12,482,602.58 0.014896594
2,239,778,750 25,680,406.93
Alberta School Foundation Fund Assessment Requisition Tax Rate
Residential and Farmland 812,268,860 1,919,588.00 0.002363242
Non-Residential 1,008,825,570 3,653,309.00 0.003621349
6,213,183.00
Assessment Requisition Tax Rate
Designated Industrial Property 1,341,333,180 100,946.11 0.00007526
Assessment Requisition Tax Rate
Kneehill Housing Corporatation 2,239,778,750 84,113.19 0.000037554
2. That the minimum amount payable per parcel as property tax for general municipal purposes
shall be $150.
Bylaw No. 1897, 2024 Property Tax Bylaw Page 3 of 3
3. The total Tax Rate for each Assessment Category is as follows:
Alberta School Kneehill Designated
Municipal Levy Foundation Fund Housing Industrial Total Tax Rate
Corporation Property
Residential 0.0029852562 0.0023632421 0.0000375542 0.0053860526
Farmland 0.0156093252 0.0023632421 0.0000375542 0.0180101216
Grants in Lieu of Taxes 0.0029852562 0.0029852562
Machinery&Equipment/Power Generation 0.0148965942 0.0000375542 0.0000765000 0.0150106484
Non-Residential 0.0148965942 0.0036213485 0.0000375542 0.0185554970
Non DIP Industrial Property 0.0148965942 0.0036213485 0.0000375542 0.0185554970
Designated Industrial Property 0.0148965942 0.0036213485 0.0000375542 0.0000765000 0.0186319970
Linear Property 0.0148965942 0.0036213485 0.0000375542 0.0000765000 0.0186319970
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 S.213 of the MGA.
READ a first time on this 9th day of April, 2024
READ a second time on this 23rd day of April, 2024
READ a third time and final time of this 23rd day of April, 2024
/ 14,-yt, rj/k _ <
Ree
Ken King
l r-
Chi Administrative Officer
Mike Haugen
a y
Date Bylaw Signed