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This document provides information on the taxation rates to be levied against assessable property within the City of Chestermere for the 2021 taxation year, including details on municipal tax, provincial education tax, and annexation property tax rates. Understand the tax requirements, assessments, and classifications for different types of properties within the City.
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A tax rate bylaw is a legal document enacted by local governments to establish the rates at which property taxes are levied on real estate within their jurisdiction.
Local governments, municipalities, or taxing authorities are required to file tax rate bylaws to ensure the proper assessment and collection of property taxes.
To fill out a tax rate bylaw, local authorities must determine the proposed tax rates, draft the bylaw document, hold public consultations if required, and finally obtain approval through the appropriate legislative process.
The purpose of a tax rate bylaw is to formalize the taxation rate for property taxes, ensuring that funding for local services such as education, public safety, and infrastructure is collected in a transparent and equitable manner.
The information required in a tax rate bylaw typically includes the proposed tax rates for various property classifications, the fiscal year it covers, the justification for the rates, and any exemptions or special considerations.
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