This is the exact embedded text of the captured official document.
Snapshot a0afc3dbf0e9 · verified 2026-06-08 ·
original document ·
archived snapshot ·
unofficial consolidation, the official version is held by the municipal clerk.
BYLAW NO. 02-2024
Municipal Government Act RSA 2000 Chapter M-26
Part 10 Division 2 Property Tax
BYLAW 02-2024
1
BEING A BYLAW OF THE SUMMER VILLAGE OF ISLAND LAKE IN THE
PROVINCE OF ALBERTA, TO AUTHORIZE THE SEVERAL RATES OF
TAXATION IMPOSED FOR ALL PURPOSES FOR THE YEAR 2024
WHEREAS the total requirements for the Summer Village of Island Lake in the Province
of Alberta as shown in the budget estimates are as follows:
Municipal General
451,270.70
Greater North Foundation Seniors Requisition
15,795.00
ASFF Residential School Requisition
300,691.00
ASFF Non-Residential School Requisition
2,611.06
Designated Industrial Property Requisition
________36.57
777,404.33
WHEREAS the total taxable assessment of land, buildings and improvements amounts
to:
Residential Improved
123,237,490
Residential Vacant
3,792,190
Non-Residential (Commercial)
426,290
Other Non-Residential (Linear)
503,700
Municipal Owned (Exempt)
5,833,160
TOTAL:
133,792,830
WHEREAS, the estimated municipal expenditures and transfers set out in the budget for
the Summer Village of Island Lake for 2024 total $ 451,270.00; and
WHEREAS, the estimated municipal revenues and transfers from all sources other than
taxation is estimated at $129,889.98 and $51,971.53 from "Minimum Municipal Tax" and
the balance of $269,429.19 is to be raised by general municipal taxation; and
WHEREAS, the estimated amount to be collected for requisitions total $319,133.52
(School $303,301.71; Senior $15,795.00; Designated Industrial $36.57); and
WHEREAS, the amount of municipal taxation to be raise as a minimum amount payable
of $740.00 per each taxable property in the municipality is estimated to be $51,971.53
and the remaining $269,429.19 is to be collected based on municipal mill rates; and
WHEREAS, the rates hereinafter set out are deemed necessary to provide the amounts
required for municipal, school and other purposes, after making due allowance for taxes
which may reasonably be expected to remain unpaid; and
BYLAW NO. 02-2024
Municipal Government Act RSA 2000 Chapter M-26
Part 10 Division 2 Property Tax
BYLAW 02-2024
2
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
The Municipal Administrator is hereby authorized and required to levy the following rates
of taxation on the assessed value of all land, buildings and improvements as shown on
the assessment and tax roll:
TAX LEVY
ASSESSMENT
TAX
RATE
(in mills)
General Municipal
Residential Improved
255,182.01 123,237,490
2.070652
Residential Vacant
7,852.29 3,792,190
2.070652
Non-Residential 4,411.63 426,290
10.348890
Other Non-Residential 1,963.23
503,700
3.897620
TOTAL
269,409.16 127,959,670
TAX LEVY
ASSESSMENT
TAX RATE
(in mills)
Alberta School Foundation Fund
Residential
300,691.00 127,029,680
2.367090
Non-residential/Other
2,611.06 929,990 2.807620
Non-residential
TOTAL
303,301.71 127,959,670
TAX LEVY
ASSESSMENT TAX RATE
(in mills)
Greater North Seniors Foundation
Residential/Non-residential/ 15,795.00 127,959,670
0.123440
Other Non-residential
TOTAL 15,795.00 127,959,670
TAX LEVY
ASSESSMENT
TAX RATE
(in mills)
Designated Industrial Property
Other Non-Residential 36.57
503,700
0.072600
Total
36.57
503,700
BYLAW NO. 02-2024
Municipal Government Act RSA 2000 Chapter M-26
Part 10 Division 2 Property Tax
BYLAW 02-2024
3
THAT the minimum amount payable as property tax for general municipal purposes shall
be:
TAX RATE
TAX LEVY
Residential Vacant
$740.00
14,347.71
Residential Improved
$740.00
37,079.91
Other Non-Residential
$740.00
543.91
TOTAL
$51,971.53
THAT this Bylaw shall come into force and effect for 2024 taxation on the date of the
third and final reading.
Read a first time on this 21st day of May 2024.
Read a second time on this 21st day of May 2024.
Unanimous Consent to Proceed to third Reading on this 21st day of May 2024.
Read a third and final time on this 21st day of May 2024.
Signed and Passed this 21st day of May 2024.
ORIGINAL SIGNED
____________________________________
Mayor Chad Newton
____________________________________
Chief Administrative Officer Phyllis Forsyth