Property Tax Bylaw No. 1352/26

Blackfalds, Alberta

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TOWN OF BLACKFALDS BYLAW 1352.26 ____________________________________________________________________________ 1 Bylaw 1352.26 - 2026 Property Tax Rate Bylaw BEING A BYLAW TO AUTHORIZE THE RATES OF TAXATION TO BE LEVIED AGAINST ASSESSABLE PROPERTY WITHIN THE TOWN OF BLACKFALDS FOR THE 2026 TAXATION YEAR. ____________________________________________________________________________ A Bylaw of the Town of Blackfalds, in the Province of Alberta, pursuant to the provisions of the e Municipal Government Act is RSA 2000, c M-26 and amendments thereto, for the purpose of imposing an annual property tax in respect of property in the municipality to raise revenue to be used toward the payment of expenditures and transfers set out in the budget of the municipality, and the requisitions. WHEREAS the Town of Blackfalds has prepared and adopted detailed estimates of the municipal revenue and expenditures as required, at the Council Meeting held March 10, 2026. AND WHEREAS the estimated municipal expenditures and transfers set out in the budget for the Town of Blackfalds for 2026, totalling $39,003,535. AND WHEREAS the estimated municipal revenues and transfers from all sources other than taxation are estimated at: $ 39,003,535 Operating Budget $ 19,862,773 (-) Minus Funding from Other Sources $ 4,537,047 (-) Minus Requisition (Budget) Funding $ 535,000 (-) Minus Expected Joint Economic Taxes $ 14,068,715 Municipal Property Taxes AND WHEREAS the Town of Blackfalds, as per the annexation agreement, shall be authorized to levy taxation rates against the annexed lands as per the Lacombe County taxation rates of 2025. AND WHEREAS the Council is authorized to classify assessed property and to assess rates of taxation as per the Lacombe County hereby covered under the annexation approval conditions AND WHEREAS the requisitions are: $ 4,248,751 School Requisition - Residential $ 117,863 Residential & Non-Res. $ 797,033 School Requisition - Non-Residential $ 5,045,784 Total School Requisition $ 117,863 Lacombe Foundation AND WHEREAS the Council of the Town of Blackfalds is required each year to levy on the assessed value of all property tax rates sufficient to meet the estimated expenditures and the requisitions; and 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 AND WHEREAS Section 369 of the Act authorizes the Town of Blackfalds 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 the assessed values of all taxable property in the Town of Blackfalds as shown on the assessment roll is $1,783,389,590. NOW THEREFORE the Municipal Council of the Town of Blackfalds, duly assembled hereby enacts: PART 1 - TITLE 1. That this Bylaw shall be cited as the "2026 Property Tax Rate Bylaw". TOWN OF BLACKFALDS BYLAW 1352.26 ____________________________________________________________________________ 2 Bylaw 1352.26 - 2026 Property Tax Rate Bylaw PART 2 - PURPOSE AND APPLICATION 2. 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 Blackfalds. Municipal Purposes Assessment Mill rate Total Collected Residential/Farmland 1,578,944,610 7.6487 12,076,874 Non-Residential 192,279,360 11.9792 2,303,353 Annexed Residential 7,835,170 2.5950 20,332 Annexed Non-Residential 4,330,450 5.6690 24,549 Total Municipal Purposes 1,783,389,590 14,425,108 Alberta School Foundation Assessment Mill rate Total Collected Residential/Farmland 1,586,779,780 2.6779 4,249,238 Non-Residential 188,565,190 4.2406 799,630 Total Educational Purposes 1,775,344,970 5,048,867 Note - Excludes M&E and Linear Lacombe Seniors Foundation 1,783,389,590 0.0661 117,882 DIP Property 19,379,160 0.0728 1,411 Total Tax Levy 19,593,268 PART 3 - DATE OF FORCE 3. That this Bylaw shall come into effect, upon the date on which it is finally read and passed. READ for the first time this 14th day of April, A.D. 2026. (RES. 099/26) _______________________________ MAYOR LAURA SVAB _______________________________ CAO KIM ISAAK READ for the second time this 28th day of April, A.D. 2026. (RES. 122/26) _______________________________ MAYOR LAURA SVAB _______________________________ CAO KIM ISAAK READ for the third and final time this 28th day of April, A.D. 2026. (RES. 123/26) _______________________________ MAYOR LAURA SVAB _______________________________ CAO KIM ISAAK