 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
TaxesResidential property taxes are definitely a factor to consider when relocating. Although taxes vary depending on the community, Albertans paid the lowest provincial and municipal taxes, overall, in Canada in 2006/2007. Each year Council establishes a rate of taxation based on assessed values, sufficient to pay for those expenditures that are not recovered from other revenue sources. For 2007, the rate is $9.88 per $1,000 of assessed value for residential taxpayers and $14.82 per $1,000 for commercial and industrial taxpayers. The Finance Department is responsible for the maintenance of over 5,000 different parcels within the City boundaries. Not only does the City generate annual and supplementary tax assessments but also surface irrigation levies, maintain the Tax Instlament Payment Plan, inventory City owned properties, provide timely response to assessment complaints and ensure compliance to tax recovery procedures. Tax payments are due June 30th of each year. Tax notices are usually mailed out by May 15th each year. The due date is specified on the Tax Notices and is advertised two weeks before before the tax deadline in the two local newspapers. Payments can be made directly to the City Office during regular business hours, through Internet banking, telephone banking and at most financial institutions. The City accepts cash, cheques, money orders, Interact and post dated cheques. For added convenience, there is a drop box located at the front enterance of the building. T.I.P.P. - The Tax Instalment Payment Program is beneficial for those people who find it difficult to make a single payment that comes due once a year. The program is set up to allow the property owner to make monthly instalments with interest calculated at 2% per annum. For further information, please contact our Tax Department at (403) 362-3333. Brooks has a favorable tax mill rate compared to other similar sized Alberta communities. The following table outlines the tax mill rate for 2006.
* all tax rates per $1,000 of assessment. The tax amount (2007) for an average price home ($239,829.00) would be $2,371.00 (9.8866/$1,000) and be distributed in the following manner: Distribution of Taxes by Function
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
