This is the exact embedded text of the captured official document.
Snapshot 457b05809436 · verified 2026-06-08 ·
original document ·
archived snapshot ·
unofficial consolidation, the official version is held by the municipal clerk.
BYLAW 5:2026
VILLAGE OF FORESTBURG
PROVINCE OF ALBERTA
A Bylaw to authorize the rates of taxation to be levied against assessable property within the Village of
Forestburg for the 2026 taxation year.
WHEREAS, the Village of Forestburg has prepared and adopted detailed estimates of municipal revenue,
expenses and expenditures as required, at the Council Meeting held on December 4, 2025; and
WHEREAS, the estimated municipal revenues from all sources other than property taxation total
$2,363,777.
WHEREAS, the estimated municipal expenses (excluding non-cash ite~s) set out in the annual budget of
the Village of Forestburg for 2026 total $3,399,658 the balance of $842,998 is to be raised by general
municipal property taxation; and
WHEREAS, the estimated amount required to repay principal debt to be raised by general municipal
taxation is $98,415; and,
WHEREAS, the estimated amount required for current year capital expenditures to be raised by general
municipal taxation is $0.00; and,
WHEREAS, the estimated amount required for future financial plans to be raised by municipal taxation is
$272,343; and,
THEREFORE, the total amount to be raised by general municipal taxation is $1,213,756; and,
WHEREAS, the requisitions are:
Alberta School Foundation Fund (ASFF)
Residential/Farmland
Non-Residential
Flagstaff Regional Housing Group
Designated Industrial Properties (DIP)
$179,788
$41,397
$11,935
$164
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 M-26,
Revised Statues of Alberta 2000; and
WHEREAS, the assessed value of all taxable property in the Village of Forestburg as shown on the
assessment roll is:
Residential
Farmland
Non-Residential
Linear
Machinery & Equipment
$64,450,760
$36,210
$7,902,270
$2,258,880
$44.840
$74.692 .960
NOW THEREFORE under the authority of the Municipal Government Act, the Council of the Village of
Forestburg, in the Province of Alberta, enacts as follows:
Bylaw 5:2026 Tax Rate Bylaw
Page 1of2
1. 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 Village of Forestburg:
TAX LEVY ASSESSMENT
TAX RATE
General Municipal
Residential & Farmland
$688,330
$64,080,360
.01074167
Residential (Annexation)
1,304
289,260
.00450900
Farmland (Annexation)
155
14,450
.01074167
Non-Residential & Linear
200,796
10,161,150
.01976119
Machinery & Equipment
886
44,840
.01976119
Minimum Tax
89,000
Totals
$980,471 $7 4,590,060
ASFF Residential/Farmland
$179,788
$63,305,715
.002840000
ASFF Non-Residential
$41,397
9,927,450
.004170000
Totals
$221,186 $73,233,165
Flagstaff Regional Housing
$11,935 $73,276,555 .0001628761
Designated Industrial Properties
$164
$2,258,880
.000072800
Grand Totals
$1,213,756
2. The minimum amount payable per parcel as property tax for general municipal purposes shall be
$1200.
3. All taxes shall be due and payable, without penalty, up to and including August 15, 2026. A penalty of
ten percent (10%) shall be added to all unpaid current taxes on August 16, 2026.
4. A penalty of twelve percent (12%) shall be added to all unpaid taxes and costs on January 1, 2027.
5. This bylaw shall take effect on signing.
READ A FIRST TIME this 23rd day of May 2026.
READ A SECOND TIME this 23rd day of May 2026.
UNANIMOUS CONSENT FOR THIRD AND FINAL READING this 23rd day of May 2026.
READ A THIRD TIME this 23rd day of May 2026.
Bylaw 5:2026 Tax Rate Bylaw
Page 2of2