005-2023 Tax Rate

Smoky Lake, Alberta

This is the exact embedded text of the captured official document. Snapshot dc6c33f2e5dc · verified 2026-06-08 · original document · archived snapshot · unofficial consolidation, the official version is held by the municipal clerk.

BYLAW #005-2023 TAX RATE BYLAW TOWN OF SMOKY LAKE BEING A BYLAW OF THE TOWN OF SMOKY LAKE IN THE PROVINCE OF ALBERTA TO AUTHORIZE THE RATES OF TAXATION TO BE LEVIED AGAINST ASSESSABLE PROPERTY WITHIN THE TOWN OF SMOKY LAKE FOR THE 2023 TAXATION YEAR. WHEREAS the Town of Smoky Lake has prepared and adopted detailed estimates of the municipal revenues and expenditures as required, at the Council Meeting held on May 29, 2023; and WHEREAS it is estimated that total revenue from all sources for municipal requirements as set out in the 2023 budget for the Town of Smoky Lake total: 4,438,455 $ and WHEREAS the estimated municipal revenues and transfers from all sources other than taxation is estimated at: 3,363,104 $ and the balance of: 1,075,351 $ is to be raised by municipal taxation - (General, Recreation, & Policing Services) WHEREAS the requisitions are: WHEREAS Alberta School Foundation (ASFF) Residential & Farmland equals 192,081.86 $ Non-Residential equals 73,354.55 $ Machinery & Equipment equals - $ Total 265,436.41 $ WHEREAS Lakeland RC Separate School Board (RCSSD) Residential & Farmland equals 2,177.98 $ Non-Residential equals 24.01 $ Machinery & Equipment equals - $ Total 2,201.99 $ WHEREAS Smoky Lake Foundation equals 68,018.00 $ Total 68,018.00 $ WHEREAS the Council of the Town of Smoky Lake 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 of the Town of Smoky Lake has determined that a minimum municipal tax of $400.00 per property; and 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 M-26.1, Revised Statutes of Alberta, 2000; and WHEREAS the assessed value of all property in the Town of Smoky Lake as shown on the assessment roll is: Assessment Residential 73,805,380 Vacant Residential 992,900 Farmland 95,100 Farm buildings (was vacant farmland) 0 Non-Residential 21,377,070 Machinery & equipment 34,300 Total 96,304,750 NOW THEREFORE under the authority of the Municipal Government Act, the Council of the Town of Smoky Lake, in the Province of Alberta, enacts as follows: THAT the Town 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 Town of Smoky Lake: Municipal Levy (General/Recreation/Policing) Assessment Tax Rate Tax Levy Improved Residential 73,805,380 9.43429 696,301.36 $ Vacant Residential 992,900 9.43429 9,367.31 $ Grant in Lieu Residential 0 9.43429 - $ Farmland 95,100 25.01956 2,379.36 $ Farm buildings (was vacant farmland) 0 25.01956 - $ Non- Residential 15,698,320 17.15457 269,297.93 $ Grant in Lieu Non Residential 1,381,100 17.15457 23,692.18 $ General Municipal Tax Only 1,223,300 17.15457 20,985.19 $ Linear 3,074,350 17.15457 52,739.15 $ Machinery & Equipment 34,300 17.15457 588.40 $ Total 96,304,750 1,075,350.87 $ Education Residential & Farmland 74,893,380 2.59382 194,259.84 $ Non-Residential 20,153,770 3.64093 73,378.56 $ Education 95,047,150 267,638.40 $ Senior Foundation 95,081,450 0.71537 68,018.00 $ Senior Foundation 95,081,450 68,018.00 $ DIP Provincial 3,096,100 0.074600 230.97 $ Improved Residential 73,805,380 12.74347 940,536.95 $ Vacant Residential 992,900 12.74347 12,653.00 $ Farmland 95,100 28.32874 2,694.06 $ Farm Buildings 0 28.32874 - $ Non-Residential 20,153,770 21.51087 433,525.13 $ General Municipal Tax Only 1,223,300 17.15457 20,985.19 $ Machinery & Equipment 34,300 17.86994 612.94 $ TOTAL 1,411,238.24 $ TAX RATE SUMMARY Requisitions Total Municipal Levy The following 2023 Tax Rates be established: TAX RATES RESIDENTIAL LAND AND IMPROVEMENTS 9.43429 Municipal (General/Recreation/Policing) 0.71537 Smoky Lake Foundation 2.59382 Education 12.74347 TOTAL FARMLAND & FARM BUILDINGS 25.01956 Municipal (General/Recreation/Policing) 0.71537 Smoky Lake Foundation 2.59382 Education 28.32874 TOTAL NON-RESIDENTIAL LAND AND IMPROVEMENTS 17.15457 Municipal (General/Recreation/Policing) 0.71537 Smoky Lake Foundation 3.64093 Education 21.51087 TOTAL MACHINERY AND EQUIPMENT 17.15457 Municipal (General/Recreation/Policing) 0.71537 Smoky Lake Foundation 17.86994 TOTAL GENERAL MUNICIPAL TAX ONLY 17.15457 Municipal (General/Recreation/Policing) 17.15457 TOTAL READ A FIRST TIME AND PASSED THIS 29th DAY OF May, 2023. ___________________ ___________________ Amy Cherniwchan Dawn Phillips Mayor Chief Administrative Officer READ A SECOND TIME AND PASSED THIS 29th DAY OF May, 2023. ___________________ ___________________ Amy Cherniwchan Dawn Phillips Mayor Chief Administrative Officer READ A THIRD AND FINAL TIME, WITH THE UNANIMOUS CONSENT OF ALL COUNCILLORS PRESENT, THIS 29th DAY OF May, 2023. ___________________ ___________________ Amy Cherniwchan Dawn Phillips Mayor Chief Administrative Officer Original Signed. 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