Property Tax Rate Bylaw

Leduc, Alberta

This is the exact embedded text of the captured official document. Snapshot 0c7c9a100f6a · verified 2026-06-08 · original document · archived snapshot · unofficial consolidation, the official version is held by the municipal clerk.

Bylaw No. 1244-2026 2026 PROPERTY TAX RATE BYLAW Page 1 A BYLAW OF THE CITY OF LEDUC IN THE PROVINCE OF ALBERTA, TO AUTHORIZE THE RATES OF TAXATION TO BE LEVIED AGAINST ASSESSABLE PROPERTY FOR THE 2026 TAXATION YEAR. The Municipal Government Act, R.S.A. 2000, Chapter M-26, as amended, grants a Municipality the authority to adopt a Property Tax Rate Bylaw annually to authorize Council to impose a tax on property in the Municipality to raise revenue to pay for expenditures and transfers set out in the City's budget, and to pay for requisitions. AND; in accordance with the Act, Council approved the final 2026 budget at the council meeting of December 8, 2025 calculated for: AND; Municipal Purposes Capital Purposes $ 149,099,182 $ 40,148,100 it has been estimated that in 2026, the total revenue that will be collected from other sources other than property taxes will be: Other Revenue $ 79,590,182 AND; AND; This amount, plus the municipal property taxes to be levied as set out in this Bylaw, are intended to fund the approved 2026 municipal budget. the revenue requirements for requisitions received by the City from other authorities are: Alberta School Foundation Fund (ASFF) Residential/Farm Land $ 14,486,119 Non-Residential $ 10,245,250 Opted Out School Boards Residential/Farm Land $ 1,200,016 Non-Residential $ 534,835 Total School Requisition $ 26,466,219 Leduc Foundation $ 960,642 Requisition Designated Industrial Properties $ 5,741 the Municipal Government Act provides for each Municipality to prepare an assessment for each property in the municipality except for the properties identified in the Act that no assessment is to be prepared for those properties. AND; the assessable value of property in the City is: Residential/Farmland $ 6,245,258,960 Non-Residential $ 2,686,221,960 Total Assessable Property $ 8,931,480,920 AND; AND; Council has passed Bylaw 1079-2021 being a Bylaw authorizing the supplementary assessment of all improvements to properties which are completed or occupied or moved in the City in 2026, but not including machinery and equipment; taxation rates and taxation revenue for certain properties were brought into the City of Leduc as a result of annexation governed by, Order in Council 258/2013 THEREFORE; the Council of the City of Leduc in the Province of Alberta enacts as follows: PART I: BYLAW TITLE 1 That this Bylaw shall be knowns as the '2026 Property Tax Rate Bylaw'. PART II: DEFINITIONS 2 In this bylaw, unless the context otherwise requires: a. "City": means the municipal corporation of the City of Leduc b. "City Manager": means the chief administrative officer of the City or his or her delegate. Bylaw No. 1244-2026 2026 PROPERTY TAX RATE BYLAW Page 2 3 a. PART III: APPLICATION Council authorizes the City Manager to impose taxes for the purpose of raising revenue to be used towards the payment of expenditures and transfers set out in the budget of the City and for the purpose of raising funds for requisitions. As a consequence, taxes are hereby imposed on each class of assessed property within the City, whether listed in the assessment roll or supplementary assessment roll, at the rates for each class as shown below: General Municipal Tax Levy Assessment Tax Rate Residential $ 42,254,964 $ 6,236,530,360 0.006775 Non-Residential $ 27,138,099 $ 2,677,211,630 0.010137 Machinery & Equipment $ - $ 86,873,000 Total Levy $ 69,393,063 $ 9,000,614,990 General Municipal Annexation Residential $ 18,113 $ 5,978,000 0.003030 * Farmland $ 35,923 $ 2,750,600 0.013060 * Non-Residential $ 61,901 $ 9,010,330 0.006870 * Total Levy $ 115,937 $ 17,738,930 Total General Municipal Levy $ 69,509,000 Provincial Education Requisition Residential/Farm Land $ 15,689,120 $ 6,245,258,960 0.002512 Non-Residential $ 10,807,204 $ 2,620,215,960 0.004125 Total Levy $ Includes an under levy of $30,105 Leduc Foundation Requisition Residential/Farm Land $ 26,496,324 $ 673,225 $ 8,865,474,920 6,245,258,960 0.0001078 Non-Residential $ 282,453 $ 2,620,215,960 0.0001078 Total Levy $ Includes an over levy of $4,964 Requisition Designated $ Industrial Properties 955,678 $ 5,741 $ 8,865,474,920 78,858,160 0.000073 *Tax rates are the approved rates from the annexed municipality b. Notwithstanding the assessment noted in subsection (a) with respect to machinery and equipment, Council completely exempts from taxation machinery and equipment used for manufacturing or processing, pursuant to section 364(1.1) of the Municipal Government Act. READ A FIRST TIME IN COUNCIL THIS 13TH READ A SECOND TIME IN COUNCIL THIS 4TH READ A THIRD TIME IN COUNCIL THIS 4TH DAY OF APRIL , 2026. DAY OF MAY , 2026. DAY OF MAY , 2026. "Original Signed" MAYOR May 4, 2026 "Original Signed" Date Signed CITY CLERK