Bylaw 2025_315 Tax Rate

Hill Spring, Alberta · adopted 2025-01-01

This is an automated transcription (OCR) of the captured official document — minor recognition errors are possible; the source document governs. Snapshot 1fa6d47e874b · verified 2026-06-08 · original document · archived snapshot · unofficial consolidation, the official version is held by the municipal clerk.

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, the Council of the Village of Hill Spring is required each year to levy on the assessed value of all property, tax rates sufficient to meet the estimated expenditures and requisitions; ## CHINOOK FOUNDATION $4,090 ## TOTAL SCHOOL REQUISITIONS $64,858 Residential/Farmland Non-residential $4,750 $60,108 Alberta School Foundation Fund (ASFF) WHEREAS, the requisitions are: WHEREAS, the estimated municipal revenues and transfers from all resources other than taxation is estimated at $963,780 and the amount of $213,113 to be raised by general municipal taxation; and WHEREAS, the estimated municipal expenditures and transfers, excluding amortization, set out in the budget for the Village of Hill Spring for 2025 total $1,176,893; and WHEREAS, the Village of Hill Spring has prepared and adopted detailed estimates of municipal revenue and expenditures as required, at the council meeting held on April 15, 2025; and TAXATION YEAR. A BYLAW TO AUTHORIZE THE RATES OF TAXATION TO BE LEVIED AGAINST ASSESSABLE PROPERTY WITHIN THE VILLAGE OF HILL SPRING IN THE PROVINCE OF ALBERTA FOR THE 2025 ## TAX BYLAW # 2025-315 ## VILLAGE OF HILL SPRING 4. 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 315* day of July, 2025. 3. The minimum amount payable for property as property tax for general municipal purposes shall be $400.00 on all property. | General Municipal Residential/Farmland Non-residential Totals Alberta School Foundation Fund Residential/Farmland Chinook Foundation | Non-residential Totals | |----------------------------------------------------------------------------------------------------------------------------------------|--------------------------| | $4,090 | $4,750 | | Tax Levy $196,880 $16,233 $213,113 $60,108 | $64,858 | | $25,198,800 | | | Assessment $26,409,090 | | | $1,210,290 $26,409,090 | | | | $1,210,290 $26,409,090 | | $25,198,800 | | | Mill Rate | | | 7.81307 | | | 13.41254 | | | 2.38535 3.92496 0.15486 | | 2. That the Village Manager 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 Hill Spring: 1. This bylaw may be cited as the "2025 Tax Bylaw". NOW THEREFORE under the authority of the Municipal Government Act, the Council of the Village of Hill Spring, in the Province of Alberta, enacts as follows: Assessment WHEREAS, the assessed value of all property in the Municipality of the Village of Hill Spring as shown on the assessment roll is: | Linear & Designated Industrial Property TOTAL ASSESSMENT | Non-residential - Commercial & Industrial | Residential & Farmland | |------------------------------------------------------------|---------------------------------------------|--------------------------| | $474,070 $26,409,090 | $736,220 | $25,198,800 | <!-- image --> <!-- image --> Read a FIRST time this 15th day of April, 2025. Read a SECOND time this 20t* day of May, 2025. Read a THIRD time and passed this 20th day of May, 2025. 8. That this bylaw shall take effect on the date of the third and final reading. 7. The penalty found in section 6 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 section 6 &amp; 7 will be assessed. 6. 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. 5. Any taxes which remain unpaid after the due and payable date shall receive a 12% penalty on the 15 day of August, 2025.