TAMRMS#: B06
11.1
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Bylaw 13/2024 - 2024 Tax Rate Bylaw (1st, 2nd & 3rd readings)
Presented by: Stephen Bannerman, Senior Manager, Assessment and Taxation
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RECOMMENDED MOTION(S)
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1. That Bylaw 13/2024, being a bylaw to authorize the rates of property taxation for 2024, be read a first time.
2. That Bylaw 13/2024 be read a second time.
3. That unanimous consent be given for consideration of third reading of Bylaw 13/2024.
4. That Bylaw 13/2024 be read a third and final time.
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PURPOSE OF REPORT
The purpose of this report is to:
1. Summarize the changes in the 2023 taxable assessment base.
2. Set the municipal property tax rates resulting from the 2024 approved budget.
a. General Municipal Levy Tax Rates
b. Servus Place Capital Debenture Tax Rates
c. Annexation Lands Tax Rates
3. Set the education property tax rates required for the 2024 Provincial Education Requisition.
4. Set the Homeland Housing Foundation tax rates required for the 2024 requisition.
5. Set the "Designated Industrial Property" tax rate required for the 2024 requisition.
6. Summarize the impact that 2024 tax levies and requisitions will have on residential and non-residential properties.
7. Provide tax payment information including deadlines and penalty amounts.
BACKGROUND AND DISCUSSION
Please refer to the attachment entitled "2023 Assessment and 2024 Taxes".
STAKEHOLDER COMMUNICATIONS OR ENGAGEMENT
Approved tax rates and tax impacts will be communicated to property owners via press release, upon passing of the tax rate bylaw.
Property owners will be sent their combined 2024 Assessment & Taxation Notice on May 29, 2024 via Canada Post.
Deadline for property assessment appeals is August 6, 2024.
IMPACTS OF RECOMMENDATION(S)
Financial
Passing of this bylaw will provide funding as per the 2024 approved Municipal Operating Budget.
Compliance & Legal
The Municipal Government Act, pursuant to Part 10, Division 2, requires an annual bylaw to establ...
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