Tax Rates

Rate Comparison

Example: $200,000 (market value assessment) x 7.4412/1000 = $1,488.24 Tax Levy for 2011

The current tax levy is penalized a 6% penalty on July 1^st, September 1^st, and November 1^st.  All tax arrears (other than the current year) are penalized at 1.5% penalty per month.

Municipal Tax Rate

This tax rate (mill rate) generates the funds the Town of High River requires to operate the Town minus any other revenues it might recieve during the course of the year.  The operating budget for the year is divided by the total taxable assessments to produce the municipal tax rate.  As seen above in the comparison tables Council in 2011 did not increase the operating budget and due to a slight increase in assessment the tax rate saw a slight decrease.

Alberta Education

This amount is collected by the Town of High River and paid directly to the Province of Alberta for maintenance and development of the school system.  The amount of school funds paid by each Municipality is based on population and the tax base and is set by the Alberta Government.  All Municipalities must collect and foward these funds

Senior's Requisition

This amount is collected by the Town of High River and paid directly to the Foothills Foundation to help pay for seniors housing in our area.   The amount the Town of River has to pay is not within the Town's control as this is set for us.  In 2011 there was a significant increase in the seniors tax rate causing a slight increase in the total rate.

School Support Levy - Seniors

The Government of Alberta does provide financial assistance to low-income seniors through the Alberta Seniors Benefit.  The Alberta Seniors Benefit acts as a supplement to the Federal Guaranteed Income Supplement and Old Age Security benefits.  

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