TAMRMS#: B06
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2018 Supplementary Assessment Bylaw
Presented by: Greg Dahlen, Director of Assessment & Taxation Services
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RECOMMENDATION(S)
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1. That Bylaw 9/2018, being the 2018 Supplementary Assessment Bylaw, be read a first time.
2. That Bylaw 9/2018 be read a second time.
3. That unanimous consent be given for consideration of third and final reading of Bylaw 9/2018.
4. That Bylaw 9/2018 be read a third and final time.
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PURPOSE OF REPORT
If a municipality wishes to require the preparation of supplementary assessments for improvements, Council must pass a supplementary assessment bylaw authorizing the assessments to be prepared for the purposes of imposing a tax. The bylaw must be passed by May 1 of the tax year in question.
COUNCIL DIRECTION
A Supplementary Tax Bylaw is passed annually. In 2017, Supplementary Tax Bylaw 11/2017 was passed by Council on March 6, 2017.
BACKGROUND AND DISCUSSION
A municipality may prepare a supplementary assessment for any improvements, that are completed or occupied during the current taxation year that were not included in the current year’s assessment and tax notice. The supplementary assessment and tax notices include any assessment that has been placed on the property as a result of new buildings (improvements) completed and/or occupied. A supplementary assessment applies only to improvements, and not to land.
Supplementary assessments will be sent out in August and October 2018. They typically apply to new houses, condominiums, warehouses, or commercial buildings that were unfinished as of December 31, 2017, and were then completed and occupied during the spring-summer-fall of 2018. A supplementary assessment & tax notice includes that portion of the building assessment that was not included in the original May 2018 assessment & tax notice. Tax amounts are pro-rated from the date of completion or occupancy to December 31, 2018.
The bylaw is being brought forward to comp...
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