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rxneeiill
COUNTY
BYLAW NO 1897
2024 PROPERTY
TAX BYLAW
A BYLAW OF KNEEHILL COUNTY, IN THE PROVINCE OF ALBERTA, TO AUTHORIZE THE RATES OF TAXATION TO
BE LEVIED AGAINST
ASSESSABLE
PROPERTY
WITHIN
KNEEHILL
COUNTY
FOR THE 2024 TAXATION
YEAR.
WHEREAS, Kneehill County has prepared and adopted detailed estimates of municipal revenue, expenses and
expenditures as required, at the Council meeting held on December 12, 2023; and
WHEREAS, the estimated municipal revenues from all sources other than property taxation total $4,852, 422;
and
WHEREAS the estimated municipal expenses ( excluding non- cash items) set out in the annual budget for
Kneehill County in 2024 total $ 30, 497, 413 and the balance of$ 25, 644, 991 is to be raised by general municipal
property taxation; and
WHEREAS the estimated amount required for current and future financial plans to be raised by municipal
taxation is $ 8, 832, 158.
WHEREAS the County prepares an additional Bylaw for Special Tax Rates as per Division 5 of the Municipal
Government
Act being the 2024 Trochu Recreation
Area Special Tax Bylaw#
1899;
THEREFORE, the total amount to be raised by general municipal taxation
is $ 25, 644, 991.
WHEREAS,
the requisitions
are:
Alberta School Fund
Requistion
Residential
and Farmland
1, 919, 588. 00
Non- Residential
3, 653, 309. 00
Over/( Under) Levy
640, 286. 00
Reserve funded portion
640, 286. 00)
5, 572, 897. 00
Designated
Industrial Property
100, 946. 11
Seniors
Foundation
All assessment
303, 870. 91
Over/( Under) Levy
266. 28
Reserve funded portion
220, 024. 00)
84, 113. 19
Bylaw No. 1897, 2024 Property Tax Bylaw
Page 2 of 3
WHEREAS, the assessed value of all property in Kneehill County as shown on the assessment roll is:
Residential
660, 620, 010
Farmland
151, 648, 850
Grants in Lieu of Taxes
244, 950
Machinery& Equipment/
Power Generation
418, 439, 370
Non- Residential
65, 841, 070
Non DIP Industrial Property
20, 090, 690
Designated Industrial Property
84, 943, 700
Linear Property
837, 950, 110
2, 239, 778, 750
NOW THERFORE under the authority of the Municipal Government Act, Kneehill County Council 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 Kneehill County:
General
Municipal
Assessment
Tax Levy
Tax Rate
Residential
660,620,010
1, 972, 119. 85
0. 002985256
Farmland
151, 648, 850
2, 367, 136. 19
0. 015609325
Estimated add' I minimum levy
79,033. 32
Grants in Lieu of Taxes
244, 950
731. 24
0. 002985256
Machinery&
Equipment/
Power Generation
418, 439, 370
6,233, 321. 41
0. 014896594
Non- Residential
65, 841, 070
980, 807. 69
0. 014896594
Non DIP Industrial Property
20,090, 690
299, 282. 85
0. 014896594
Designated Industrial Property
84, 943, 700
1, 265,371. 81
0. 014896594
Linear Property
837, 950, 110
12, 482, 602. 58
0. 014896594
2, 239, 778, 750
25, 680, 406. 93
Alberta School Foundation
Fund
Assessment
Requisition
Tax Rate
Residential and Farmland
812,268,860
1, 919, 588. 00
0. 002363242
Non- Residential
1, 008, 825, 570
3,653,309. 00
0. 003621349
6,213,183. 00
Assessment
Requisition
Tax Rate
Designated Industrial Property
1, 341, 333,180
100, 946. 11
0. 00007526
Assessment
Requisition
Tax Rate
Kneehill Housing Corporatation
2,239, 778, 750
84, 113. 19
0. 000037554
2.
That the minimum amount payable per parcel as property tax for general municipal purposes
shall
be $ 150.
Bylaw No. 1897, 2024 Property Tax Bylaw
Page 3 of 3
3.
The total Tax Rate for each Assessment Category is as follows:
Alberta
School
Kneehill
Designated
Municipal
Levy
Foundation
Fund
Housing
Industrial
Total Tax Rate
Corporation
Property
Residential
0. 0029852562
0. 0023632421
0. 0000375542
0. 0053860526
Farmland
0. 0156093252
0. 0023632421
0. 0000375542
0. 0180101216
Grants in Lieu of Taxes
0. 0029852562
0. 0029852562
Machinery&
Equipment/
Power
Generation
0. 0148965942
0. 0000375542
0. 0000765000
0. 0150106484
Non- Residential
0. 0148965942
0. 0036213485
0. 0000375542
0. 0185554970
Non DIP Industrial
Property
0. 0148965942
0. 0036213485
0. 0000375542
0. 0185554970
Designated Industrial Property
0. 0148965942
0. 0036213485
0. 0000375542
0. 0000765000
0. 0186319970
Linear
Property
0. 0148965942
0. 0036213485
0. 0000375542
0. 0000765000
0. 0186319970
4.
This bylaw comes into force at the beginning of the day that it is passed unless otherwise
provided for in the MGA or another enactment or in the bylaw. This bylaw is passed when it
receives third reading and it is signed in accordance with S. 213 of the MGA.
READ a first time on this 9th day of April, 2024
READ a second time on this 23rd day of April, 2024
READ a third time and final time of this 23rd day of April, 2024
14,-yt, rj/k
Ree
Ken King
l r-
Chi
Administrative
Officer
Mike Haugen
a
y
Date Bylaw Signed