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Mountain View County 2024 residential property tax rising

Tax rates for farmland will see essentially a zero per cent change

MOUNTAIN VIEW COUNTY - County council has approved the 2024 tax rate bylaw, which sets a residential mill rate of 2.3796, down slightly from 2023’s rate of 2.8103.

The move came by way of motion at the April 10 council meeting, held in person and online.

“Our council is satisfied that we have struck a good balance between maintaining the level of service our ratepayers have come to rely on, while being fiscally responsible and maintaining reasonable increases to our municipal tax revenues,” reeve Angela Aalbers told the Albertan.

The 2024 non-residential mill rate is 9.7916, down from 10.0054 last year. The farmland rate is 8.1040, down slightly from last year’s rate of 8.3178.

The assessment value of all property in Mountain View County as shown on the assessment roll is $5,616,695,550, up from $5,225,371,890 in 2023.

The residential assessment in 2024 totals $3,142,390,980, up from $2,817,303,010 in 2023.

The total municipal tax levy in 2024 is $32,638,575, compared with $31,741,966 in 2023.

The municipal contribution to provincial policing in 2024 is $1,200,727, compared with $1,045,000 in 2023.

The 2024 requisition totals $16,314,119, including $14,075,550 for the Alberta School Foundation Fund (ASFF). The ASFF total in 2023 was $12,977,853.

The Mountain View Seniors' Housing Requisition in 2024 is $2,082,671, up from $2,006,020 in 2023.

“The impact of the tax rate bylaw on municipal taxes was an overall increase of $0.896 million or 2.82 per cent, with $156,000 of that going to pay for an increase in provincial policing,” said Aalbers.

“The municipal tax increase on residential properties averages a 2.93 per cent increase, non-residential averages a 2.95 per cent increase, and farmland saw essentially a zero per cent change.”

Council reduced the mill rate for residential properties by 7.7 per cent in order to balance out the 11.6 per cent residential assessment growth to “keep the municipal tax increases modest and consistent,” she said.

“The more concerning aspect of the overall impact to 2024 taxes is that the province has increased their ASFF or the school tax requisition by 9.77 per cent for residential and 7.60 per cent for non-residential, increasing the total requisition amount by $1.109 million,” she said.

“This has resulted in an overall increase to the residential taxes of 6.08 per cent and non-residential of 3.91 per cent. Therefore, the municipal tax revenue increase, or the tax revenue for municipal purposes, for 2024 is $0.740M compared to an increase in taxes collected being transferred to the province of $1.253 million.”

The complete 2024 tax rate bylaw is available for viewing on the county’s website.

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