TAMRMS#: B06
12.1
REQUEST FOR DECISION
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Bylaw 18/2025 - 2025 Tax Rate Bylaw (1st, 2nd, 3rd readings)
Presented by: Stephen Bannerman, Senior Manager, Assessment and Taxation
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RECOMMENDED MOTION(S)
recommendation
1. That Bylaw 18/2025, being a bylaw to authorize the rates of property taxation for 2025, be read a first time.
2. That Bylaw 18/2025 be read a second time.
3. That unanimous consent be given for consideration of third reading of Bylaw 18/2025.
4. That Bylaw 18/2025 be read a third and final time.
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SUMMARY
This report:
1. Summarizes the changes in the 2024 taxable assessment base.
2. Sets the municipal property tax rates resulting from the 2025 approved budget including:
a. General Municipal Levy Tax Rates
b. Servus Place Capital Debenture Tax Rates
c. Annexation Lands Tax Rates
3. Sets the education property tax rates required for the 2025 Provincial Education Requisition.
4. Sets the Homeland Housing Foundation tax rates required for the 2025 requisition.
5. Sets the "Designated Industrial Property" tax rate required for the 2025 requisition.
6. Summarizes the impact that 2025 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 the attachment #2 entitled "2024 Assessment and 2025 Taxes".
STAKEHOLDER COMMUNICATIONS OR ENGAGEMENT
Approved tax rates and tax impacts will be communicated to property owners via advertisement through City Lights, website updates, May 6th council presentation, Assessment/Taxation Brochure, and social media. The majority of the communication will proceed upon passing of Bylaw 18/2025.
Administration intends to send combined 2025 Assessment & Taxation Notices to property owners on Friday, May 16, 2025 via Canada Post.
The deadline for property assessment appeals is Friday July 25th, 2025.
IMPACTS OF RECOMMENDATION(S...
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