Business

2009 Tax Presentation to Edmonton City Council

Description
1. City of Edmonton Property Assessment and Taxation 2009 Tax Rate Bylaw April 28, 2009 2. Agenda <ul><li>Property Tax Revenues…
Categories
Published
of 14
All materials on our website are shared by users. If you have any questions about copyright issues, please report us to resolve them. We are always happy to assist you.
Related Documents
Share
Transcript
  • 1. City of Edmonton Property Assessment and Taxation 2009 Tax Rate Bylaw April 28, 2009
  • 2. Agenda <ul><li>Property Tax Revenues </li></ul><ul><li>Assessment – Market Value and Growth Changes </li></ul><ul><li>Municipal Property Taxes </li></ul><ul><li>Provincial Education Property Taxes </li></ul><ul><li>Effect on Properties </li></ul><ul><li>Key Dates </li></ul>
  • 3. Property Tax Revenues <ul><ul><li>Bylaw prepared based on City Council’s approved tax increase of 7.3% (before waste transfer and business tax shift) </li></ul></ul><ul><ul><li>Residential tax revenues reflect reduction for waste service transfer ($13.9M) </li></ul></ul><ul><ul><li>Shift from business tax to non-residential property tax class of $31M (2 nd year of shift) </li></ul></ul>
  • 4. Assessment - Market Value And Growth Changes <ul><li> </li></ul><ul><li> Market Value Growth </li></ul><ul><li>New Construction </li></ul><ul><li>Single Family (9.6)% 3.0% </li></ul><ul><li>Other Residential 9.1% (2.5)% </li></ul><ul><li>Non-Residential 27.0% 2.4% </li></ul>
  • 5. Municipal Property Taxation Formula <ul><li>Tax Revenue / Assessment = Tax Rate </li></ul><ul><li> (Value of all property) </li></ul><ul><li> $ 354.9M 89.6B (SF/FL) 0.0039587 </li></ul><ul><li> 49.7M 10.9B (Other Res) 0.0045525 </li></ul><ul><li> 359.7M 34.4B (Non-Res) 0.0104512 </li></ul><ul><li>Total $764.3M 134.9B </li></ul>
  • 7. Provincial Education Property Taxation Formula <ul><li>Tax Revenue / Assessment = Tax Rate </li></ul><ul><li>(Total Education Prop Tax) (Value of all property) </li></ul><ul><li>$201.2M 89.7B SF/FL 0.0022437 </li></ul><ul><li> 22.6M 10.1B Other Res 0.0022437 </li></ul><ul><li> 93.2M 34.4B Non-Res 0.0027094 </li></ul><ul><li>Total $317.0M 134.2B </li></ul>
  • 8. 2008 2009 $ Change Property Value 400,000 361,500 Municipal Property Tax 1,416 1,431 15 Provincial Education Tax 766 811 45 Total Property Taxes 2,182 2,242 60 Monthly $182 $187 $ 5 Effect on Typical Home
  • 9. 2008 2009 $ Change Property Value 91,600 99,900 Municipal Property Tax 373 455 82 Provincial Education Tax 175 224 49 Total Property Taxes 548 679 131 Monthly $46 $57 $11 Effect on Other Residential Property
  • 10. 2008 2009 $ Change Property Value 100,000 127,000 Municipal Property Tax 1,130 1,213 83 Business Tax Transfer 114 114 Provincial Education Tax 338 344 6 Total Property Taxes 1,468 1,557/ 89/ 1,671* 203* * includes business tax transfer Effect on Non Res Property
  • 11. Percentage Tax Change by Property Class <ul><li> </li></ul><ul><li> SF/FL Other Res Non Res </li></ul><ul><li>Municipal 1.1% 22.0% 7.3%/ 17.4%* </li></ul><ul><li>Education 5.9% 28.0% 1.8% </li></ul><ul><li>Total 2.7% 23.9% 6.1%/ 13.8%* </li></ul><ul><li>*Includes increase due to Business tax transfer </li></ul>
  • 12. Key Dates <ul><li>April 28 Property Tax Bylaw presented to City Council </li></ul><ul><li>May 22 Taxation Notices mailed </li></ul><ul><li>June 30 Property taxes due and payable </li></ul>
  • 13. Communications <ul><li>Tax Notice </li></ul><ul><li>Tax Brochures </li></ul><ul><li>Internet Information </li></ul><ul><li>Call Centre 311 </li></ul><ul><li>Media Relations </li></ul><ul><ul><li>Ongoing Media interaction </li></ul></ul>
  • 14. 2009 Tax Rate Bylaw <ul><li>Questions? </li></ul>
  • Photosynthesis

    Jul 23, 2017

    exsoft2

    Jul 23, 2017
    Search
    Related Search
    We Need Your Support
    Thank you for visiting our website and your interest in our free products and services. We are nonprofit website to share and download documents. To the running of this website, we need your help to support us.

    Thanks to everyone for your continued support.

    No, Thanks