Bylaw-241-2020-Tax-Rate

Glenwood, Alberta

This is an automated transcription (OCR) of the captured official document — minor recognition errors are possible; the source document governs. Snapshot 5ad29b06a9f5 · verified 2026-06-08 · original document · archived snapshot · unofficial consolidation, the official version is held by the municipal clerk.

## VILLAGE OF GLENWOOD BYLAW # 241-2020 A BYLAW TO AUTHORIZE THE RATES OF TAXATION TO BE LEVIED AGAINST ASSESSABLE PROPERTY WITHIN THE VILLAGE OF GLENWOOD IN THE PROVINCE OF ALBERTA FOR THE 2020 TAXATION YEAR. WHEREAS, the Village of Glenwood has prepared and adopted detailed estimates of municipal revenue and expenditures as required, at the council meeting held on June 11, 2020; and WHEREAS, the estimated municipal expenditures and transfers, excluding amortization, set out in the budget for the Village of Glenwood for 2020 total $948,581; and WHEREAS, the estimated municipal revenues and transfers from all resources other than taxation is estimated at $626,452 and the balance of $322,129 is to be raised by general municipal taxation; and WHEREAS, the requisitions are: | Alberta School Foundation Fund (ASFF) | | |-----------------------------------------|---------| | Residential/Farmland | $60,094 | | Non-residential | $11,052 | | TOTAL SCHOOL REQUISITIONS | $71,146 | | CHINOOK FOUNDATION | $5,829 | WHEREAS, the Council of the Village of Glenwood is required each year to levy on the assessed value of all property, tax rates sufficient to meet the estimated expenditures and requisitions; and WHEREAS, the Council is authorized to sub-classify assessed property, and to establish different rates of taxation in respect to each sub-class of property, subject to the Municipal Government Act, Chapter M-26, Revised Statutes of Alberta, 2000; and WHEREAS, the assessed value of all property in the Village of Glenwood as shown on the assessment roll is: | | Assessment | |-------------------------------------------|--------------| | Residential & Farmland | $22,868,330 | | Non-residential (Commercial & Industrial) | $2,521,890 | | Machinery & Equipment ('M&E") | $1,180,610 | <!-- image --> CAO Initials: one te ## TOTAL ASSESSMENT $568,530 $27,139,360 NOW THEREFORE under the authority of the Municipal Government Act, the Council of the Village of Glenwood, 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 assessed value of all property as shown on the assessment roll of the Village of Glenwood: | | Tax Levy | Assessment | Mill Rate | |--------------------------------|------------|------------------------|-------------| | General Municipal | | | | | Residential & Farmland | $167,206 | $22,868,330 | 7.31168 | | Non-residential | $41,148 | $2,521,890 | 16.31633 | | M&E | $22,800 | $1,180,610 | 19.31205 | | Linear & DIP | $14,000 | $568,530 | 24.62491 | | Totals | $245,154 | $27,139,360 | | | Alberta School Foundation Fund | | | | | Residential/Farmland | $60,094 | $22,868,330 | 2.62783 | | Non-residential (1) | $11,052 | $3,090,420 | 3.57621 | | Totals | $71,146 | $25,958,750 | | | Chinook Foundation | $5,829 | $27,139,360 | 0.21478 | | TOTAL MILL RATE | | Residential & Farmland | 10.15429 | | | | Non-residential | 20.10732 | | | | M&E | 19.52683 | | | | Linear & DIP | 28.41590 | *Notes: 1) M&amp;E is excluded from ASFF tax. 2) Designated industrial is applied to Linear and Designated Industrial only. 2. That the minimum amount payable per parcel as property tax for general municipal purposes shall be $150.00 on all property. 3. That the taxes hereby authorized to be assessed, imposed and collected by these several rates are hereby declared to be and become due and payable to the Village on the 30th day of September, 2020. 4. That a 1.5% penalty will be imposed on the total unpaid balance of the tax accounts and applied the first day of each calendar month. Such penalties will become part of the taxes owing. <!-- image --> CAO Initials: eme 5. That an additional 3.0% penalty will be imposed on the total unpaid balance of the tax accounts and applied on the first business day of 2021. Such penalties will become part of the taxes owing. 6. That the penalty found in sections 4 and 5 of this bylaw will not be assessed to tax levy amounts being paid under the Tax Installment Program, unless the conditions of the Tax Installment Program are not adhered to, at which point the penalties in sections 4 and 5 will be assessed. 7. That this bylaw shall take effect on the date of the third and final reading. Read a FIRST time this 11th day of June, 2020. Read a SECOND time this 11th day of June, 2020. Read a THIRD time and passed this 11th day of June, 2020. <!-- image --> Mitch. Albert Elias Mayor Markee Camphell Marilee Campbell Chief Administrative Officer <!-- image --> <!-- image -->