Property Taxes

Property taxes are levied in July and are due on December 31st of each year.  The taxes as levied apply to the calendar year which covers the period from January 1 to December 31 of any given year.  

 2023 Taxable Assessment Rates

• Agriculture Arable (Cultivated)          55% Value
• Agriculture Non-Arable (Pasture)     45% Value
• Residential                                            80% Value
• Commercial                                          85% Value

2023 Tax Levy

• Agriculture         $1,206,202.48 (11%)       
• Residential         $270,120.41 (2.5%)                   
• Commercial       $272,584.59 (2.5%)                                                                                   
• Resource            $9,268,677.02 (84%)                                                                                         

           2023 Tax Levy  $11,017,584.50

2023 Tax Tools - Mill Rate Factors 

Mill rate factors to transfer some of the cost of public services from one property classification to another.  All property in a municipality is classified as agricultural, residential or commercial.  Mill rate factors essentially adjust the mill rate, with the result that the effective mill rate for a specific property classification may be higher or lower than other property classifications.  Mill Rate 4.35 

 

                                   Agriculture     1.5                                                   Adjusted Mill Rate        6.525                                                              

                                   Residential     0.90                                                Adjusted Mill Rate        3.915

                                   Commercial    7.38                                               Adjusted Mill Rate         32.103

                                   

                                  Ratio High to Low  32.103/3.915=8.2  (This number cannot exceed 9)

 

Tax Tools - Minimum Tax

A minimum tax may be established to increase the amount of taxation revenue generated from lower assessed properties within one or more property classifications.   

This tax policy will reduce the uniform mill rate which will benefit properties with higher assessed values.

Your municipal taxes will be the greater of the minimum tax or the ad valorem tax calculation. 

The municipality has implemented a minimum tax of $400.00.  Using the ad valorem tax calculation, the municipal tax levy relative to Property is $50,000 / 1000 x 4.35 = $217.50.  As this amount is less than $400.00, the municipal taxes for this property will be $400.00

Note:  The R.M. does not apply a minimum tax at this time.

 

Tax Tools - Base Tax

 A base tax may be applied to all properties within one or more property classes.  Base tax will be a specified amount.  A base tax will lower the tax rate reducing the difference in property taxes between lower and higher assessed properties.

Your municipal taxes will be determined by adding the base tax to the ad valorem tax calculation.  In other words, we will build on the base.  The municipality has established a base tax of base tax of $800 on commercial property.  As a result of implementing base tax policy, the tax rate is reduced to 4.35 mills x MRF 9= Adjusted mill rate 31.32

 293 Exemption Forms

By filling out this Affidavit you are essentially using the land you own or rent to offset your taxes on your house. This form is to be handed in to the R.M. office by September 30th of every year to be applied for the next year's tax levy. 

As per the Municipalities Act a lessee is only eligible to receive the exemption provided for by clause (2) (e):

(a) with respect to land leased from an owner who is not eligible to receive the exemption; and

(b) with respect to land leased from an owner who is entitled to the exemption, if the owner or lessee provides to the assessor, on or before March 31 in any year, a copy of the lease and a written notice signed by the owner stating that the owner has agreed that the lessee is to recieve the exemption. 

The 293 exemption is found here: 293 Exemption Form

 

Payment Options

Accepted Methods of Payment:

• Cheque
• Online banking
• E-transfer
• Cash
• Debit/Credit

Online Banking:  Municipal Tax Payments can be made through the Synergy Credit Union website.  If you are already set-up with Synergy's online banking system, the payment can be made under the payee name "Frenchman Butte No. 501, RM - Taxes".  For further assistance to set up or online banking or for questions regarding Synergy online banking please Visit the Synergy Website.

E-transfer:   Before sending any e-transfer payments please contact the office for more details to ensure transfer can be properly received and applied appropriately to your outstanding taxes or accounts receivable.