Warburg Tax Rates Approved

  • May. 9, 2014 11:00 a.m.

Pipestone Flyer

    On April 28, Warburg Council approved the $2,372,344.54 budget.  Expenditures and transfers from all sources other than taxation total an estimated $1,673,433.87 leaving a balance of $698,910.67 to be raised by general municipal taxation.

REQUISITIONS: 

Alberta School Foundation Fund (ASFF)

Residential/Farmland $107,903.35

Non-residential               28,789.49

Machinery & Equipment         0.00

Senior Foundation               1,047.00

    The ASSESSED VALUE of all property in the Village of Warburg (shown on the assessment roll is 53,564,820) breaks down as follows:

Residential                 $44,872,300

Non-residential              8,546,310

Farmland                             24,360

Machinery/Equip              121,850

TAXATION RATES 

are as follows:

GENERAL MUNICIPAL

Residential: Tax levy: $561,170.83;

Assessment: 44,896,660;

                Tax rate:  0.00882.

Non-residential:  

Assessment: 8,668,160; 

Tax rate: 0.01541.     

ASFF (school) 

Residential/Farmland: 

Tax levy: 107,903.35; 

Assessment 44,896,660;

Tax rate: .00241.

Non-residential Tax Levy:

 28,789.49;

Assessment: 8,546,310; 

Tax rate:0.00337.

 

SENIOR FOUNDATION 

Tax Levy: 1,047.00;

 Assessment: 53,564,820;

Tax rate: 0.00002.

 

    The minimum amount payable as property tax, including requisitions is as follows:

    1)   Vacant residential and commercial properties where taxes levied are less than $485 shall be taxed a minimum tax levy of $485 per property, except where the primary improvement encroaches onto the adjoining lot, consolidating the lots.

    2)   All industrial properties more than 6000 sq. ft., where taxes levied are less than $1120 will be taxed a minimum of $1120 per property except where primary improvement encroaches onto the adjoining lot, consolidating the lots.

    3)   Mobile homes in the mobile home trailer park and residential properties with improvements where taxes levied are less than $750 will be taxed a minimum of $750.

    After July 31, 2014, a penalty of 15% will be added on all unpaid current taxes.