DIDSBURY - Town council has passed the 2022 tax rate bylaw, which calls for a residential mill rate of 8.02365, down slightly from 2021’s rate of 8.576.
The move came by way of motion at the May 24 council meeting, held in person and on YouTube. The approval comes after council’s May 10 approval of the 2022 operating budget, which calls for total expenditures of $12,097,450, up from $11,640,764.
The non-residential rate is 9.004685, up from 8.933 in 2021.
The 2022 farmland rate is also 8.02365, down from 8.576 in 2021.
The vacant residential rate is 8.0235, while the machinery and equipment rate is 09.04685, up from last year’s rate of 8.933.
Mayor Rhonda Hunter called the 2022 rates “fair and balanced."
“I think we have the best budget we can this year with the cost of growth and providing our expected service levels,” said Hunter. “Operating to the citizens’ expectations is what we are after.”
A tax bylaw can be calculated by dividing the assessment by 1,000 and then multiplying the result by the mill rate.
Assessments went up about $48 million for residential and close to $8 million for non-residential in the town in 2022, she noted.
The town’s total municipal tax rate levy in 2022 is $4,923,996, up from $4,727,454 in 2021. The total assessment is $603,690,440, up from last year’s total of $548,315,680.
On the education side, the 2022 residential/farmland rate is 2.42565, down slightly from 2021’s rate of 2.686. The 2022 non-residential rate is 3.46632, down from 2021’s total of 3.655.
The Mountain View Seniors' Housing residential/farmland rate is 0.33397, the same as the non-residential rate. The total 2022 Mountain View Seniors' Housing levy is $202,079 compared with $213,621 last year.
The designated industrial property requisite tax rate in 2022 is 0.07660, unchanged from 2021.
All council members attended the May 24 council meeting.
