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TOWN OF VERMILION
BYLAW NO: 04-2026
BEING A BYLAW OF THE TOWN OF VERMILION EN THE PROVINCE OF ALBERTA
FOR THE PURPOSE OF AUTHORIZING THE RATES OF TAXATION
TO BE LEVIED AGAINST THE ASSESSABLE PROPERTY FOR THE 2026 TAX
WHEREAS,
the Comncil of the Town of Vermilion deems it necessary to establish a Bylaw o deal with services
provided by or on behalf
of the
municipality; and
WHEREAS,
Under the provision of
Sections 353 and 354 of the Municipal Government Act, Council must pass a pre
x bylaw to pre
authorization to levy on the assessed value of all assessed property shown on the assessment roll,
a tax at the unitorni rate on the
dollar that Council considers sufficient to produce the funds necessary to meet the
amount of the expenditures as are estimated by
Council or as are annually requisitioned on Council: and
i
{irereas,
the Town ofVermilion has prepared and adopted budgets of municipal revenue and expenditures at die November 18, 2025 Regular
Council Meeting; and
WHEREAS,
the estimated municipal expenditures and transfers set out in the budget for the Town of Vermilion for 2026 total
$13,732,941.00 (excluding amortization); and
WHEREAS,
the estimated municipal revenues and transfers from all sources other than taxation are estimated at
$4, 746,295.00 and the balance of $8,986 646.00
is to be raised by general municipal taxation: and
WHEREAS,
the total taxation requirements of the Town of Vermilion for the 2026 taxation year are as follows:
General Municipal
4,389,013
Alberta School Foundation Fund (ASFF)
1,769,338
Separate Schoo] Division
212,664
Designated Industrial Property
;
1,594
Seniors' Foundation
307,857
Vermilion Public Library
275,800
Reercation & Culture
9,030,386
Total Taxation Requirements
8,986,646
1c of all taxable property, including land, buildings and improv
ts in che Town of Vermilion as shown on the
assessmient roll is:
Residential & Farmland
Non-Residential
Machinery & Equipment
Lincar
'
21,165,490
Designated Industrial Properties
7235
490
634,830,910
WHEREAS,
the rates hereinafter set out are deemed necessary to provide the amount required for all purposes for the 2026 taxation vear.
NOW THEREFORE,
the Town of
Vermilion duly assembled hereby enacts as follows:
tl. SHORT TITLE:
[.t, This Bylaw shall be cited as
126 Mill Rate Bylaw
Page 1 of 2
2. PROPERTY TAX MIL RATES
2.1 The Chief Administrative Officer is herchy authorized to levy the following rates oftaxation on assessed valuc of all property
as s
ssment
roll:
Tax Levy
Assessment
Tax Rate
General Municipal
.
:
Residential & Farmland
2,318,395
437,648 4600
3.2974
Non-Residential
5
1s?1jatt
173,413,600
19,5010
Machinery & Equipment
.
AY
19,730
1,878,870
10.5010
Linear
'
222,259)
21,165,490
10,5010
Designated Industrial
'
7,618
725,490
10,5010
Total
4,389,013
634,830,910
Alberta School Foundation Fund (ASFF)
Residential & Farmland
S
1,065,958
375,090,967
2.8400
Non-Residential
N
704,079
168,843,99]
4.1700
Total
:
1,769,338
543,934,953
Separate School Division
Residential & Farmland
§
'
49,400,476
2.8400
Non-Residential
s
5
17,354,173
4+.1700
Total
.
66,754,649
Designated Industrial Property
Non-Residential
$
419980
0.0728
Machinery & Equipment
§
306,210
Linear
s
21,163,490
Total
21,890,980
Seniors Foundation
Residential & Farmland
3
490,340,200
0.5053
Non-Residential
$
33,447
165,147,080
09,5053
Machinery & Equipment
A
949
0.5053
Linear
10,695
24,165,490
0.5053
Designated Industrial
K
367
723,490
0.5053
Total
307,85?
609,257,190
.
Vermilion Public Library
Residential & Farmland
190,135
437, 648 400
4344
Non-Residential
N
75,338
173,412,
Q.4344
Machinery & Equipment
$
816
.
0.4344
Linear
9,195
21,463,190
0.41344
Designated Industrial
345
775,490
0.4344
Total
§
5,800.
634,830,910
Recreation & Culture
Residential & Farmland
s
1,399,735
437,648,460
3.1983
Non-Residential
s
534,627
173,41
3, 1983
Machinery & Equipment
6,009
1,878,870
3.1983
Linear
67,694
21,165,490
3.1983
Designated Industrial
s
:
2,320
723,490
3.1983
2,030,386
34,830,910
'That this bylaw shall take effect on the date of the third and final reading,
INTRODUCED AND READa
first time this
17
day of
_March, 2026, AT.
Read a second time this 22.
day of Fred \
., 2026,
A.
Reada third time this
2 Z
day of Ron
2026,
/
AE
QA ae
Mayor
Chicf Administrative Officer
Page 2 of 2