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TOWN OF OYEN
BYLAW NUMBER # 812-12
A BY-LAW TO AUTHORIZE THE RATES OF TAXATION TO BE LEVIED AGAINST ASSESSABLE PROPERTY WITHIN THE TOWN OF OYEN FOR THE 2012 TAXATION YEAR.
WHEREAS, The Town of Oyen has prepared and adopted detailed estimates of municipal revenues and expenditures as required, at the Council meeting held on April 3, 2012;
AND WHEREAS,The estimated municipal expenditures and transfers set out in the budget for the Town of Oyen for 2012 total $3,395,454;
AND WHEREAS, the requisitions are:
| ALBERTA SCHOOL FOUNDATION FUND (ASFF) |
| Residential/Farmland |
$ 109,358.99 |
| Non-Residential |
$ 54,589.69 |
| OPTED OUT SCHOOL BOARDS |
|
| Residential/Farmland |
$ 30,254.82 |
| Non-Residential |
$ 7,498.59 |
| Acadia Foundation |
$ 51,755 |
AND WHEREAS, The Council is authorized to classify assessed property, and to establish different rates of taxation in respect to each class of property, subject to the Municipal Government Act, Chapter M26, Revised Statutes of Alberta, 2000;
AND WHEREAS, the assessed value of all property in the Town of Oyen as shown on the assessed roll is:
|
ASSESSMENT |
| Alberta School Foundation Fund (ASFF) |
| Residential/Farmland |
$ 59,588,650 |
| Non-Residential |
$ 16,045,820 |
| Farmland |
$ 484,530 |
| Machinery and Equipment |
$ 9,790 |
|
|
$ 76,128,880 |
|
AND WHEREAS, The estimated municipal revenues and transfers from all sources other than property taxation is estimated at $2,414,045 and the balance of $981,409 is to be raised by general municipal property taxation;
NOW THERFORE, Under the authority of the Municipal Government Act, the Council of the Town of Oyen in the Province of Alberta, enacts as follows:
1. 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 Oyen:
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|
TAX LEVY |
ASSESSMENT |
TAX RATE |
|
General Municipal
|
|
|
|
|
- Residential
|
$ 768,061
|
$ 59,107,650 |
12.7854 |
|
- Non -residential
|
$ 205,152
|
$ 11,976,800 |
12.7854 |
|
- Machinery & Equipment
|
$ 125
|
$ 9,790 |
12.7854 |
| Estimated minimum tax |
$ 8,071 |
|
|
| Totals |
$ 981,409 |
$ 76,128,880 |
|
|
|
|
|
|
| Education |
|
|
|
| ASFF(Residential & Farmland) |
$ 109,358.99 |
$ 47,055,175 |
2.3241 |
| ASFF(Non-Residential) |
$ 54,589.69 |
$ 13,856,380 |
3.9397 |
| Opted Out (Residential & Farmland) |
$ 30,254.82 |
$ 13,018,095 |
2.3241 |
| Opted Out (Non-Residential) |
$ 7,498.59 |
$ 1,903,350 |
3.9397 |
| Totals |
$ 201,702.09 |
$ 75,833,000 |
|
|
|
|
|
| Acadia Foundation |
$ 51,755 |
$ 76,128,880 |
.6799 |
|
|
|
|
| Grand Totals |
$1,234,866.09 |
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2. The minimum amount payable per parcel as property tax for general municipal purposes shall be $300.
3. If any portion of this bylaw is declared invalid by a court of competent jurisdiction, then the invalid portion must be severed and the remainder of the bylaw is deemed valid.
4. That this bylaw shall take effect on the date of the third and final reading.
READ A FIRST TIME THIS 8th DAY OF MAY, 2012.
READ A SECOND TIME THIS 8th DAY OF MAY, 2012.
READ A THIRD TIME AND FINAL TIME THIS 8th DAY OF MAY, 2012.
SIGNED THIS 8TH DAY OF MAY, 2012
_________________________________
Mayor
_________________________________
Chief Administrative Officer
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