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Summer Village of Larkspur
A BYLAW OF THE SUMMER VILLAGE OF LARKSPUR TO AUTHORIZE THE RATES OF TAXATION TO BE
LEVIED AGAINST ASSESSABLE PROPERTY WITHIN THE SUMMER VILLAGE FOR THE 2025 TAXATION
YEAR.
Bylaw Name:
2025 Property Tax Bylaw
Bylaw number
25-09
Date Approved:
April 29, 2025
Reviewed By:
Date Reviewed:
WHEREAS the Summer Village of Larkspur has prepared and adopted detailed estimates of the
municipal revenue and expenditures as required, at the council meeting held on April 29, 2025; and
WHEREAS the estimated municipal expenditures and transfers set out in the budget for the Summer
Village of Larkspur for 2025 total $215,191 and
WHEREAS the estimated municipal revenues and transfers from all sources other than taxation is
estimated at $123,314 and the balance of $91,877 is to be raised by general municipal taxation, and
WHEREAS the requisitions are:
Alberta School Foundation Fund (ASFF)
Residential/Farmland
$ 98,107
Non-residential
$ 240
Designated Industrial (Non-residential)
$ 4
WHEREAS the council of the Summer Village of Larkspur is required each year to levy on the assessed
value of all property tax rates sufficient to meet the estimated expenditures and the requisitions; and
WHEREAS the council is authorized to sub-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
WHEREAS the taxable assessed value of all property in the Summer Village of Larkspur as shown on
the assessment roll is:
PROPERTY CLASS
ASSESSMENT
Residential
$ 40,273,780
Non-residential
63,510
TOTAL TAXABLE ASSESSMENT
$ 40,337,290
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NOW THEREFORE under the authority of the Municipal Government Act, the council of the Summer
Village of Larkspur, 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 taxable assessed value of all property as shown on the assessment roll of the
Summer Village of Larkspur:
GENERAL MUNICIPAL TAXES
TAX LEVY ASSESSMENT TAX RATE
Residential
$ 91,732
$ 40,273,780
2.2777
Non-Residential
$ 145
$ 63,510
2.2777
$ 91,877
ALBERTA SCHOOL
FOUNDATION FUND
Residential
$ 98,107
$ 40,273,780
2.4360
Non-residential
$ 240
$ 63,510
3.7745
$ 98,347
DESIGNATED INDUSTRIAL
Residential
$ -
$ 40,273,780
-
Non-Residential
$ 4
$ 63,510
0.0701
$ 4
2.
That the minimum amount payable per parcel as property tax for general municipal purposes
shall be $400.
3.
That this bylaw shall take effect on the date of the third and final reading.
Read a first time this 29th day of April 2025
Read a second time this 29th day of April 2025
Received Unanimous consent to be given third reading this 29th day of April 2025
Read a third time and finally passed this 29th day of April 2025
_____________________________ _______________________________
Mayor Administrator