2025 Tax Rate Bylaw No. 14-25

Bondiss, Alberta

This is the exact embedded text of the captured official document. Snapshot 3292e8756c82 · verified 2026-06-08 · original document · archived snapshot · unofficial consolidation, the official version is held by the municipal clerk.

Page 1 of 3 BYLAW 14-25 THE PURPOSE OF THIS BYLAW IS TO AUTHORIZE THE RATES OF TAXATION TO BE LEVIED AGAINST ASSESSABLE PROPERTY WITHIN THE SUMMER VILLAGE OF BONDISS FOR THE 2025 TAXATION YEAR. WHEREAS the Summer Village of Bondiss has prepared and adopted detailed estimates of the municipal revenue and expenditures as required, at the council meeting held on April 22, 2025; and WHEREAS the estimated municipal expenditures and transfers set out in the budget for the Summer Village of Bondiss for 2025 total $413,332 and WHEREAS the estimated municipal revenues and transfers from all sources other than taxation is estimated at $246,916 and the balance of $166,416 is to be raised by general municipal taxation, and WHEREAS the requisitions are: Alberta School Foundation Fund (ASFF) Residential/Farmland $ 194,473 Non-residential $ 3,402 Senior Foundation $ 9,749 Designated Industrial (Non-residential) $ 20 WHEREAS the council of the Summer Village of Bondiss 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 WHEREAS the council is authorized to sub-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 taxable assessed value of all property in the Summer Village of Bondiss as shown on the assessment roll is: Page 2 of 3 PROPERTY CLASS ASSESSMENT Residential $ 75,254,610 Commercial 563,560 Linear 287,550 TOTAL TAXABLE ASSESSMENT $ 76,105,720 NOW THEREFORE under the authority of the Municipal Government Act, the council of the Summer Village of Bondiss, in the Province of Alberta, enacts as follows: 1. That the Chief Administrative Officer is hereby authorized to levy the following rates of taxation on the taxable assessed value of all property as shown on the assessment roll of the Summer Village of Bondiss: GENERAL MUNICIPAL TAXES TAX LEVY ASSESSMENT TAX RATE Residential $164,555 $ 75,254,610 2.1866 Commercial $ 1,232 $ 563,560 2.1866 Linear $ 629 $ 287,550 2.1866 $166,416 ALBERTA SCHOOL FOUNDATION FUND Residential $194,473 $ 75,254,610 2.5842 Commercial $ 2,253 $ 563,560 3.9974 Linear $ 1,149 $ 287,550 3.9974 $197,875 GREATER NORTH SENIORS FOUNDATION Residential $ 9,640 $ 75,254,610 0.1281 Commercial $ 72 $ 563,560 0.1281 Linear $ 37 $ 287,550 0.1281 $ 9,749 DESIGNATED INDUSTRIAL Residential $ - $ 75,254,610 - Commercial $ - $ 563,560 Non-Residential $ 20 $ 287,550 0.0701 $ 20 2. That the minimum amount payable per parcel as property tax for general municipal purposes shall be $550. Page 3 of 3 3. That this bylaw shall take effect on the date of the third and final reading. Read a first time this 22nd day of April, 2025. Read a second time this 22nd day of April, 2025. Consent to proceed to third reading this 22nd day of April, 2025. Read a third time and finally passed this 22nd day of April, 2025. ___________________________________ _____________________________ Mayor Chief Administrative Officer