2022 15-22 Tax Rate Bylaw
WHEREAS A bylaw of the City of Chestermere, in the Province of Alberta, to authorize the rates of taxation to be levied against assessable property within the City for the 2022 taxation year.
The City of Chestermere has adopted an operating budget that was prepared and included detailed estimates of the probable expenditures and transfers of the City of Chestermere as required by Section 242 of the Municipal Government Act, as amended;
AND WHEREAS Section 353 of the Municipal Government Act requires a Council to pass a property tax bylaw in each year to levy on the assessed value of all assessed property a tax requirement sufficient to raise revenue to be used toward the payment of the expenditures and transfers set out in the City's budget and requisitions;
AND WHEREAS Section 369 of the Municipal Government Act authorizes a Council to impose a supplementary tax against properties listed on the supplementary tax roll and that the supplementary tax rates be the same as imposed in this Bylaw;
AND WHEREAS Section 297 of the Municipal Government Act authorizes a Council to divide assessment classes, class 1 - residential and class 2 - non- residential into sub-classes and Section 354 authorizes Council to establish different rates of taxation in respect to each assessment class or subclass of property;
AND WHEREAS Section 358.1 of the Municipal Government Act, sets the maximum limit on tax ratio being 5: 1 for the highest non-residential tax rate compared against the lowest residential tax rate;
AND WHEREAS The assessed value of all property in the City as shown on the 2021 assessment roll is: (see PDF document for details)
AND WHEREAS The amount required to be raised by the City of Chestermere through the property tax levy for the various purposes specified in Section 354 of the Municipal Government Act against the various classes of property as herein specified are as follows: (see PDF document for details)
AND WHEREAS The City of Chestermere annexed lands from Rocky View County by Order in Council 130/2009 and the order stipulated that for taxation purposes in 2009 and the following 15 subsequent years, for a total of 15 years, the annexed land and the assessable improvements to it must be assessed by Chestermere on a market value basis but will be taxed as per Annexation Agreement section 3.
NOW THEREFORE The Municipal Council of the City of Chestermere, Alberta duly assembled, hereby enacts as follows:
Click here to read the complete bylaw: 2022 15-22 Tax Rate Bylaw