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1911-18 Tax Rates (2018)COUNTY OF NEWELL IN THE PROVINCE OF ALBERTA BYLAW NO. 1911-18 2018 Tax Rates A BYLAW OF THE COUNTY OF NEWELL, IN THE PROVINCE OF ALBERTA, TO AUTHORIZE THE RATES OF TAXATION FOR VARIOUS PURPOSES IN THE YEAR 2018. WHEREAS the estimated municipal expenditures and transfers for the County of Newell for the fiscal year 2018 are $83,491,549; and WHEREAS the estimated 2018 Alberta School Foundation Fund requisition is $12,520,448 and the 2017 under levy is $9,819; and WHEREAS the 2018 Newell Foundation requisition is $901,696; and WHEREAS the 2018 Designated Industrial Property Tax requisition is $104,874; and WHEREAS the estimated municipal revenue and transfers from all sources other than taxation is estimated at $37,044,483 and $46,552,191 is to be raised by taxation, apportioned as follows: Municipal: Residential Farmland Non -Residential Alberta School Foundation Fund (ASFF): Residential/Farmland Non -Residential Christ the Redeemer Catholic Separate Regional Division No. 3: Residential/Farmland Non -Residential Newell Foundation Designated Industrial Property Tax Requisition Paving Tax Expenditure Actual Tax Estimated or Req, for Assessed Rates Tax Current Year valuations Revenue 3,165,916 808,250,150 3.9170 3,165,916 648,405 138,663,720 4.6761 648,405 27,063,919 3,288,207,250 8.2306 27,063,919 2,218,142 881,404,092 2.5166 2,218,142 10,084,291 2,680,709,050 3.7618 10,084,291 158,826 63,111,288 2.5166 158,826 68,853 18,303,330 3.7618 68,853 901,696 4,228,778,330 0.2132 901,696 104,874 3,075,797,950 0.034178 105,125 2,103,878 4,207,755,120 0.5000 2,103,878 WHEREAS Section 357 (1) of the Municipal Government Act provides that the property tax bylaw "may specify a minimum amount payable as property tax" and the County of Newell has resolved to establish a minimum tax; Council of the County of Newell hereby enacts, pursuant to Sections 353 and 354 of the Municipal Government Act the following: Where the application of the tax rates established by the bylaw to the assessment of any taxable property would result in a total municipal levy payable of less than $30, the tax shall be assessed at $30 and deemed to be the municipal tax payable. NOW THEREFORE, under the authority of the Municipal Government Act, Chapter M- 26, the Council of the County of Newell enacts as follows: 1. That the Chief Administrative Officer is hereby authorized to levy taxes at the above tax rates on the assessed value of all property as set out in the Assessment Roll of the said County of Newell for the year 2018. 2. That this Bylaw shall come into force upon the passing thereof and hereby rescinds Bylaw 1885-17. April 5, 2018 Moved by Councillor B. de Jong that Bylaw 1911-18 receive first reading. MOTION CARRIED April 19, 2018 Moved by Councillor K. Christman that Bylaw 1911-18 receive second reading. MOTION CARRIED April 19, 2018 Moved by Councillor A.M. Philipsen that Bylaw 1911-18 receive third and final reading. MOTION CARRIED peeve Chi f dministrative Officer