Tax Rates 2026 Bylaw 511-2026

West Cove, Alberta · adopted 2026-04-29

This is the exact embedded text of the captured official document. Snapshot 8049c0ed3989 · verified 2026-06-08 · original document · archived snapshot · unofficial consolidation, the official version is held by the municipal clerk.

BYLAW OF THE SUMMER VILLAGE OF WEST COVE, IN THE PROVINCE OF ALBERTA, TO AUTHORIZE THE SEVERAL RATES OF TAXATION IMPOSED FOR ALL PURPOSES FOR THE YEAR 2026. WHEREAS the total requirements of the Summer Village of West Cove in the Province of Alberta as shown in the budget estimates are as follows: Municipal General302,046.30 Minimum Municipal 81,533.70 Special Tax 42,500.00 Lac Ste. Anne Foundation Requisition 14,450.01 ASFF Residential School Requisition175,215.23 ASFF Non-Residential School Requisition 974.86 Provincial Policing 20,753.00 Designated Industrial Property Tax Requisition 17.14 Total: $ 637,490.24 WHEREAS the total taxable assessment of land, buildings and improvements amounts to: Assessment Description Total RESIDENTIAL VACANT 2,288,260 RESIDENTIAL IMPROVED 63,662,780 NON-RESIDENTIAL (LINEAR) 235,490 MUNICIPAL EXEMPT 1,995,530 Total: $ 68,182,060 WHEREAS, the estimated municipal expenditures and transfers set out in the budget for the Summer Village of West Cove for 2026 total $494,263.00 and WHEREAS, the estimated municipal revenues and transfers from all sources other than taxation is estimated at $68,183.00 and $81,533.70 from "Minimum Municipal Tax" and $42,500.00 from "Special Tax" and the balance of $302,046.30 is to be raised by general municipal taxation; and WHEREAS, the estimated amount to be collected for requisitions total $211,410.24 (School $176,190.09; Senior Foundation $14,450.01; Provincial Policing $20,753.00; Designated Industrial $17.14); and WHEREAS the rates hereinafter set out are deemed necessary to provide the amounts required for municipal school and other purposes, after making due allowance for the amount of taxes which may reasonably be expected to remain unpaid; 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 RSA 2000 Chapter M-26 Part 10 Division 2; and The Municipal Administrator is hereby authorized and required to levy the following rates of taxation on the assessed value of all land, buildings and improvements as shown on the assessment and tax roll: TAX LEVY ASSESSMENTTAX RATE (in mills) General Municipal Residential299,563.72 65,951,040 4.54221400 Non-residential 2,482.58 235,490 10.54221400 TOTAL $302,046.30 66,186,530 TAX LEVY ASSESSMENT TAX RATE (in mills) Alberta School Foundation Fund Residential175,215.23 65,951,0402.6567470 Non-residential 974.86 235,4904.1397087 TOTAL $176,190.09 $66,186,530 TAX LEVY ASSESSMENT TAX RATE (in mills) LSA Seniors Foundation Residential 14,398.60 65,951,040 0.2183225 Non-residential 51.41 235,490 0.2183225 TOTAL $14,450.51 $66,186,530 Provincial Policing Residential 20,679.16 65,951,040 0.3135532 Non-residential 73.84 235,490 0.3135532 TOTAL $20,753 $66,186,530 Designated Industrial Property Non-Residential 17.14 235,490 0.0728 TOTAL $17.14 $235,490 The minimum amount payable as property tax for general municipal purposes shall be: TAX RATE TAX LEVY Residential $1,069.00 80,690.09 Non-Residential$1,069.00 843.61 TOTAL $81,533.70 THAT this BYLAW shall come into force and effective for 2026 taxation on the date of the third and final reading. Read a first time on this 29th day of April, 2026. Read a second time on this 29th day of April, 2026. Unanimous Consent to proceed to third reading on this 29th day of April, 2026. Read a third and final time on this 29th day of April, 2026. Signed this 29th day of April, 2026. Mayor, Chris Kelly Chief Administrative Officer, Wendy Wildman