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RFD- 2957 Bylaws   Item #   10. d.    
Regular Council Meeting Agenda
Meeting Date: 04/24/2017  
Title:    C-990-17 - Third Reading - 2017 Supplementary Assessment Bylaw - Goodwin
Department: Corporate Services  
Strategic Vision Element: This topic relates to all three of the City’s strategic vision elements contained in Council’s Strategic Plan Related Goal: Spruce Grove has a robust, growing economic base that generates balanced revenues to support the City’s high standards for services and programs.

Information
Request for Decision Summary
The purpose of this report is to seek Council's authorization for supplementary assessments of new improvements for the purpose of taxation in 2017.

Proposed Motion
That third reading be given to Bylaw C-990 -17 - 2017 Supplementary Assessment Bylaw.
Background/Analysis
A supplementary assessment bylaw is required to levy property taxes on newly constructed improvements which are occupied or completed during 2017 but were not assessed at 100 per cent completion on the annual assessment notice mailed in February, 2017.

A supplementary assessment bylaw applies to the year in which it is passed, only if it is passed before May 1 of that year.
 
Options/Alternatives
N/A
Consultation/Engagement
Most Alberta municipalities prepare supplementary assessments.
Implementation/Communication
Assessments are prepared by the Assessor and are subject to review and appeal by an assessed person. The notification process for supplementary assessment is similar to the process for annual assessments.

Assessments will be calculated on improvements completed from January through to September, 2017. In May a combined tax and assessment notice will be mailed separate from the annual tax notice and will be for construction completed up to April 30. Combined notices will also be mailed in October for construction completed up to September 30. Construction occurring between November and December is not assessed for supplementary however, the annual assessment issued the following February will reflect this growth. 
Impacts
An estimated 350 properties will receive a supplementary assessment.

Fiscal Impact
Financial Implications:
The 2017 approved budget includes property tax revenue from supplementary assessment in the amount of $187,000 (residential - $170,000, non-residential $17,000).
Attachments
Supplementary Assessment Bylaw

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