The Province has not yet finalized changes, but the County is aware of four options currently being considered. Depending on the scenario, the changes will reduce the overall assessed value of oil and gas property in rural Alberta by between $8.9 billion and $26.7 billion.
This will result in rural municipalities losing a combined total of between $108.7 million and $291.2 million in property tax revenue in the first year in which the changes are implemented. The charts below show how the numbers break down under each scenario (indicated as A, B, C and D) proposed by the Province.
RESIDENTIAL RATE IMPACT - 2020 |
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|
|
Assessment
|
Mill
|
Revenue
|
Res
|
New
|
Res
|
New
|
Current
|
Rate
|
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| A | $ | 69,060,199 | 0.019112 | $ | 1,319,878.523 | $ | 7,019,940 | $ | 8,339,818.523 | $ | 1,540,812,140 | 0.005412612 | 0.004556 | 19% | |||||||||
| B | $ | 74,652,414 | 0.019112 | $ | 1,426,756.936 | $ | 7,019,940 | $ | 8,446,696.936 | $ | 1,540,812,140 | 0.005481977 | 0.004556 | 20% | |||||||||
| C | $ | 80,680,971 | 0.019112 | $ | 1,541,974.718 | $ | 7,019,940 | $ | 8,561,914.718 | $ | 1,540,812,140 | 0.115556754 | 0.004556 | 22% | |||||||||
| D | $ | 102,181,337 | 0.019112 | $ | 1,952,889.713 | $ | 7,019,940 | $ | 8,972,829.713 | $ | 1,540,812,140 | 0.005823442 | 0.004556 | 28% | |||||||||
NON-RESIDENTIAL RATE IMPACT - 2020 |
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|
|
Assessment
|
Mill
|
Revenue
|
Non-Res
|
New
|
Non-Res
|
New
|
Current
|
Rate
|
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| A | $ | 69,060,199 | 0.019112 | $ | 1,319,878.523 | $ | 7,705,677 | $ | 9,025,555.523 | $ | 403,185,200 | 0.022385632 | 0.019112 | 17% | |||||||||
| B | $ | 74,652,414 | 0.019112 | $ | 1,426,756.936 | $ | 7,705,677 | $ | 9,132,433.936 | $ | 403,185,200 | 0.022650717 | 0.019112 | 19% | |||||||||
| C | $ | 80,680,971 | 0.019112 | $ | 1,541,974.718 | $ | 7,705,677 | $ | 9,247,651.718 | $ | 403,185,200 | 0.022936486 | 0.019112 | 20% | |||||||||
| D | $ | 102,181,337 | 0.019112 | $ | 1,952,889.713 | $ | 7,705,677 | $ | 9,658,566.713 | $ | 403,185,200 | 0.023955658 | 0.019112 | 25% | |||||||||
POTENTIAL WORKFORCE CUTS |
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|
Revenue
|
Salary/Benefits
|
FTEs
|
Total
|
%
|
|||||||
| A | $ | 1,319,878.523 | $ | 100,000 | 13.19878523 | 81 | 16% | |||||
| B | $ | 1,426,756.936 | $ | 100,000 | 14.26756936 | 81 | 18% | |||||
| C | $ | 1,541,974.718 | $ | 100,000 | 15.41974718 | 81 | 19% | |||||
| D | $ | 1,952,889.713 | $ | 100,000 | 19.52889713 | 81 | 24% | |||||
TOTAL EXPENSE REDUCTION (excludes capital, requisitions, depreciation) |
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|
|
Revenue
|
Operating Budget |
%
|
|||||
| A | $ | 1,319,878.523 | $ | 24,000,000 | 5% | |||
| B | $ | 1,426,756.936 | $ | 24,000,000 | 6% | |||
| C | $ | 1,541,974.718 | $ | 24,000,000 | 6% | |||
| D | $ | 1,952,889.713 | $ | 24,000,000 | 8% | |||
Ratepayers are Encouraged to Get Involved
HONOURABLE TRACY ALLARD (UCP)
Minister of Municipal Affairs
Municipal Affairs
132 Legislature Building, 10800 - 97 Avenue
Edmonton, AB, Canada
T5K 2B6
Phone: 780.427.3744
Fax: 780.422.3744
Email: minister.municipalaffairs@gov.ab.ca
Facebook: Tracy Allard
MR. SHANE GETSON (UCP)
MLA for Lac Ste. Anne-Parkland
Constituency Office
#18, 4708 Lac Ste. Anne Trail North
P.O. Box 248
Onoway, Alberta T0E 1V0
Phone:780.967.0760
Fax:780.967.4338
Email:LacSteAnne.Parkland@assembly.ab.ca
