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## Village of Youngstown In The Province of Alberta By-Law # 26-735 Tax Rate Bylaw
A BY-LAW TO AUTHORIZE THE RATES OF TAXATION TO BE LEVIED AGAINST ASSESSABLE PROPERTY WITHIN THE VILLAGE OF YOUNGSTOWN FOR THE 2026 TAXATION YEAR.
WHEREAS, The Village of Youngstown has prepared and adopted detailed estimates of the municipal revenues and expenditures as required, at the regular Council Meeting held on May 5, 2026, and
WHEREAS, the estimated municipal expenditures and transfers (excluding non cash items) set out in the budget for the Village of Youngstown for 2026 total $882,617 and
WHEREAS, the estimated municipal revenues and transfers from all sources other than taxation is estimated at $718,488 and the balance of $164,129 is to be raised by general municipal taxation; and
| WHEREAS, the 2026 requisitions are: Alberta School Foundation | |
|-----------------------------------------------------------------|---------|
| Residential | $27,381 |
| Non-Residential | $9,760 |
| Acadia Foundation | $4,697 |
| Designated Linear & Industrial Property Tax | $30.99 |
WHEREAS, the Council of the Village of Youngstown is required each year to levy on the assessed value of all property, tax rates sufficient to meet the estimated expenditures and the requisitions,
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, Revised Statutes of Alberta, 2000; And
WHEREAS, the assessed value of all property in The Village of Youngstown as shown on the assessment roll is:
| Residential | $10,680,590 |
|----------------------------|---------------|
| Non-Residential and Linear | $ 2,349,370 |
| Total assessment | $13,029,960 |
NOW THEREFORE under the authority of the Municipal Government Act, Council of the Village of Youngstown, 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 assessed value of all property as shown on the assessment roll of the Village of Youngstown:
| | Tax Levy | Assessment | Tax Rate |
|--------------------------------|------------|--------------|------------|
| General Municipal | 155,445 | 13,029,960 | 11.93 |
| Alberta School Foundation Fund | | | |
| Non-Residential and Linear | 9,760 | 2,349,370 | 4.1545 |
| Residential | 27,381 | 10,680,590 | 2.5637 |
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;
| Acadia Foundation | 4,697 | 13,029,960 | 0.3605 |
|---------------------------------------------------|---------------------------------------------------|--------------|----------|
| Designated Industrial Tax | 30.99 | 425,630 | 0.0728 |
| Total Tax Rate for Designated Industrial for 2026 | Total Tax Rate for Designated Industrial for 2026 | | 16.5178 |
| Total Tax Rate for Non-Residential for 2026 | Total Tax Rate for Non-Residential for 2026 | | 16.445 |
| Total Tax Rate for Residential for 2026 | Total Tax Rate for Residential for 2026 | | 14.8542 |
## AND FURTHER THAT
A) Pursuant to the MGA, Section 357, in lieu of the millrate levy, a minimum tax levy be applied to all Residential properties valued under $26,930 and Non-Residential and Linear valued under $24,325 at a rate of $400 per property, except where one additional property be joined to another primary property with improvements and owned by the same owner. If the two properties together do not have the required assessment, the tax levy will be $400 for the total parcel.
2. That a penalty of ten (10%) shall be added and payable on all unpaid current taxes, on the Ist day of September, 2026.
3. That a penalty of ten (10%) shall be added to all outstanding taxes and related costs that remain unpaid after December 31, 2026, and shall be added on the first working day of January, 2027.
4. That payment must be made by cash, money order, accepted cheque, E-Transfer or draft (draft payable at par)
READ A FIRST TIME THIS 5th DAY OF MAY, AD. 2026
READ A SECOND TIME THIS Sth DAY OF MAY, AD. 2026
READ A THIRD TIME THIS 5th DAY OF MAY, AD. 2026, AND PASSED UNANIMOUSLY.
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Chief Elected Official
Emma Garlock Chief Administrative Officer