Friday, July 21, 2017
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Understanding Your Taxes

Why do We Need Property Tax?

The property tax that is collected by the Town each year goes to support and provide the following services.

Administration - Council; administrative, records and financial management.
Protective Services - Fire protection; bylaw enforcement and control; animal control; disaster services.
Transportation & Infrastructure - construction and maintenance of sidewalks and streets; streetlights and traffic control; street cleaning and snow removal; airport maintenance; cemetery maintenance.
Tourism & Economic Development - Cactus Corridor Economic Development Corporation; operation of the Visitor Information Centre, maintenance of the website, technology support.
Recreation & Culture - Maintenance of recreation facilities including parks and green spaces; program development and support for recreation and culture including the library, youth programs, senior's programs and wellness initiatives.

Where Will Your 2016  Property Tax Dollar Be Spent?

thumb 2016budget

 

Administration $0.14

Protective Services $0.06
Transportation & Infrastructure $0.25
Utilities & Waste $0.25
Tourism & Economic Development $0.04
Planning & Development $0.0
Recreation & Culture $0.26

How are Tax Rates Established?

Each year, Council approves the amount of expenditures required to support town services.  Revenue sources other than property tax, such as sales & general revenues, grants, transfers from reserves, utilities user fees, recreation and culture user fees and license fees are subtracted from expenditures.  The balance is the amount raised through property taxation.  Tax rates are established to calculate property tax and reflect the amount of tax to be paid for every dollar of assessed value.

Calculating Your Taxes

Most citizens pay tax in two major ways: federal and provincial income tax that comes off your pay cheque and municipal property tax.  Tax Notices are mailed in June each year to the property owner on record. The amount on your Tax Notice is for taxes levied from January to December of the current year.

Your property tax notice includes three separate tax levies to fund the following:

Total Municipal Levy - this amount is collected by the Town of Hanna to fund municipal infrastructure, facilities, services and programs.

Total School Levy - this amount is collected by the Town of Hanna and paid directly to the Province of Alberta, for maintenance and development of the public school system. The amount requisitioned by Alberta Education and paid by each municipality is based on population and the tax base. All municipalities must collect and forward these funds to the province.

Total Acadia Foundation Levy - this amount is collected by the Town of Hanna and paid directly to the Acadia Foundation to provide affordable housing for senior citizens of Hanna and District.

Your taxes are calculated by multiplying your total assessment by the residential or non-residential tax rate and dividing the total by 1000. Use the formula below or visit the Property Search Page to view your property taxes.

(assessment x tax rate)/1000= property taxes

2017 Tax Rates

 Tax Rate      Residential & Farm      Non-Residential
Municipal 10.6896  14.2596
School 2.5482 3.6148 
Acadia      .5501 .5501
Total Tax Rate 13.7879 18.4245