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File #: BL-17-007    Version: 1 Name:
Type: Bylaw Status: Filed
File created: 1/19/2017 In control: City Council
On agenda: 5/15/2017 Final action: 5/15/2017
Title: Bylaw 16/2017 - 2017 Tax Rate Bylaw Presented by: Greg Dahlen, Director Assessment & Taxation
Attachments: 1. 2017 Property Tax Bylaw, 2. Report on 2016 Assessment & 2017 Taxes
TAMRMS#: B06

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Bylaw 16/2017 - 2017 Tax Rate Bylaw
Presented by: Greg Dahlen, Director Assessment & Taxation

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RECOMMENDATION(S)
recommendation
1.That Bylaw 16/2017, being a bylaw to authorize the rates of property taxation for 2017 be read a first time.

2.That Bylaw 16/2017 be read a second time.

3.That unanimous consent be given for consideration of third reading of Bylaw 16/2017.

4.That Bylaw 16/2017 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 2016 taxable assessment base.
2. Set the municipal property tax rates resulting from the 2017 approved budget.
a. General Municipal Levy Tax Rates
b. Servus Place Operating Levy Tax Rates
c. Servus Place Capital Debenture Tax Rates
d. Annexation Lands Tax Rates
3. Set the education property tax rates required for the 2017 Provincial Education Requisition.
4. Set the Homeland Housing tax rates required for the 2017 requisition.
5. Summarize the impact that 2017 tax levies and requisitions will have on residential and non-residential properties.
6. Provide tax payment information including deadlines and penalty amounts.


COUNCIL DIRECTION

As per Sections 353-356 of the Municipal Government Act, Council must pass a property tax bylaw annually.

The property tax bylaw authorizes the Council to impose a tax in respect of property in the municipality to raise revenue to be used toward the payment of the expenditures and transfers set out in the budget of the municipality, and the requisitions.

The property tax bylaw must set and show separately all the tax rates that are to be imposed to raise the revenue required.


BACKGROUND AND DISCUSSION

Please refer to the attachment for the body of the report


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 2017 Assessme...

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