Mountain View County Council approved the 2019 Operational Budget and Tax Rate Bylaw during last week’s regular meeting, featuring a one per cent increase to the mill rate for all assessment categories.
That means County ratepayers – regardless of the type of property they own (commercial, residential, agricultural, etc.) – will see a one per cent increase over last year. However, the impact on taxes will vary depending on whether the assessment on each individual property stayed the same, increased, or potentially declined.
In approving its budget Council adhered to its premise of sustainable low percentage increases to keep up with inflation and other factors, while also avoiding large increases when unforeseen factors occur in any single tax year.
According to the report to Council by Corporate Services the impact of the one per cent increase to the mill rate on a residential property with no improvements is a $4.66 for the municipal portion of the mill rate, and a total impact of $6.55 after factoring in requisitions. Individual residential property owners who had improvements to their property and thus an increased assessment rate, will likely see an increase greater than the average increase.
Overall, Mountain View County has set an operational budget of $24,797,477 (excluding amortization) and a capital (projects) budget of $20,842,300. The County will also place $11,195,660 into reserves in 2019.
Funding sources other than from municipal taxes total $10,950,304, and $16,297,200 from municipal reserves will also be utilized in this year’s budget, leaving $29,769,933 needing to be funded via general municipal taxation.
Mountain View County is also required to collect taxes for outside authorities (including school taxes) called requisitions, which are unavailable for municipal use. The total requisitions for 2019 is $13,604,847 which – when added to the taxes for municipal purposes – equals a total taxation of $43,347,780.
According to the Municipal Government Act, municipalities in Alberta must run a balanced budget.
In May, we will feature some of the changes, projects and other items that make up the 2019 Budget. Those information items will appear in these pages but will also appear online at: