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By Heather Cemeron
Westwind Weekly News
During the May 7 Town of Raymond Council Meeting, Council discussed giving first reading to Bylaw No. 1136-24 2024 Tax Rate Bylaw, which is a bylaw to authorize the rates of taxation to be levied against assessable property within the Town of Raymond for the 2024 taxation year.
Council discussed how the Town of Raymond has prepared and adopted detailed estimates of the municipal revenues and expenditures for 2024 at the Council meeting held on May 7 with the estimated municipal expenditures and transfers set out in the budget for the Town of Raymond for 2024 totalling $16,959,905; and the estimated municipal revenues and transfers from all sources other than taxation is estimated at $13,244,281 and the balance of $3,715,624 to be raised by general municipal taxation.
Council also says that the requisitions are:
Alberta School Foundation Fund (ASFF)
Residential/Farmland – $982,980
Opted Out School Boards Residential/Farmland – $9,916
Total Residential/Farmland – $992,896
Alberta School Foundation Fund (ASFF)
Non-residential – $107,099
Opted Out School Boards
Non-residential – $896
Total
Non-residential – $107,995
Senior Foundation – $115,310
Designated Industrial Property – $403
Council also highlighted that Bylaw No. 1136-24 showed the assessed property in the Town of Raymond shown on the assessment roll is as follows:
Assessment Residential & Farmland – $418,801,800
Non-residential – $24,044,680
Linear – $5,192,880
Designated Industrial Property – $9,750
Machinery & Equipment – $69,990
Total – $448,119,100
Council also touched upon that Bylaw No. 1136-24 highlighs that the Chief Administrative Officer is hereby authorized to levy the following rates of taxation on the assessed value of all property as shown on the assessment roll of the Town of Raymond.
Residential & Farmland
Tax Levy – $3,348,785
Assessment – 418,801,800
Tax Rate – 7.99611
Non-Residential
Tax Levy – $365,963
Assessment – 29,247,310
Tax Rate – 12.51269
Machinery and Equipment
Tax Levy – $876
Assessment – $69,990
Tax Rate – 12.51269
Alberta School Foundation Fund & Opted Out School Boards
Residential and Farmland
Tax Levy – $992,896
Assessment – $418,801,800
Tax Rate – 2.3708
Non-residential
Tax levy – $107,995
Assessment – 29,247,310
Tax Rate – 3.6925
ASFF Totals
Tax Levy – $1,100,891
Assessment – 448,158,340
Senior Foundation
Tax Levy – $115,310
Assessment – $448,119,100
Tax Rate – 0.25732
Designated Industrial Property
Tax Rate – $403
Assessment – 5,272,620
Tax Rate – 0.007650
Council stated that Bylaw No. 1136-24 emphasizes that the minimum amount payable for improved properties as property tax for general municipal purposes shall be $1,150 and the minimum amount payable for vacant properties for general municipal purposes shall be $1,150 and the minimum amount payable for units within a Designated Manufactured Home Community as property tax for general municipal purposes shall be $700.
Finally, Council said that Bylaw No. 1136-24 includes the following statements: if at closing time of the Town Office on July 15, 2024, any taxes which remain unpaid shall receive a 12 per cent penalty on 16th day of July 2024, and 1.5 per cent penalty will be imposed on the unpaid balance on the first day of each month thereafter, starting August 1, 2024.
Council said that they were just looking for first reading on Bylaw 1136-24, and first reading will allow them to advertise the audit and finance information and Finance will have further discussion about it.
A motion on Bylaw No. 1136-24 2024 Tax Rate Bylaw was made and carried.
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