TAMRMS#: B06
12.1
REQUEST FOR DECISION
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Bylaw 18/2026 Property Tax Rate Bylaw
Presented by: Stephen Bannerman, City Assessor/Senior Manager, Financial and Strategic Services
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RECOMMENDED MOTION(S)
recommendation
1. That Bylaw 18/2026, being a bylaw to authorize the rates of property taxation for 2026, be read a first time.
2. That Bylaw 18/2026 be read a second time.
3. That unanimous consent be given for consideration of third reading of Bylaw 18/2026.
4. That Bylaw 18/2026 be read a third and final time.
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SUMMARY
This report:
1. Summarizes the changes in the 2025 taxable assessment base.
2. Sets the municipal property tax rates resulting from the 2026 approved budget including:
a. General Municipal Levy Tax Rates
b. Annexation Lands Tax Rates
3. Sets the education property tax rates required for the 2026 Provincial Education Requisition.
4. Sets the Homeland Housing Foundation tax rates required for the 2026 requisition.
5. Sets the "Designated Industrial Property" tax rate required for the 2026 requisition.
6. Summarizes the impact that 2026 tax levies and requisitions will have on residential and non-residential properties.
7. Provides tax payment information including deadlines and penalty amounts.
BACKGROUND AND DISCUSSION
Please refer to Attachment #2 entitled "Report on 2025 Assessment and 2026 Taxes".
ALIGNMENT TO COUNCIL DIRECTION OR MANDATORY STATUTORY PROVISION
Municipal Government Act states,
Section 308(1)(1)
"An assessor must annually set a notice of assessment date, which must be nor earlier than January 1 and no later than July 1."
Section 308(1)(b)
"Each municipality must annually
(b) send the assessment notices to the assessed persons in accordance with the regulations."
Section 353(1)
"Each council must pass a property tax bylaw annually."
Section 353(2)
The property tax bylaw authorizes the council to impose a tax in respect of property in the municipality to raise revenue to ...
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