Coaldale approves 2024 mill rates

Posted on June 6, 2024 by Sunny South News

By Nikki Jamieson
Sunny South News

Coaldale’s residential and non-residential mill rates are lower compared to 2023.

During a special May 22 meeting, Coaldale town council unanimously passed second and third and final reading of their 2024 property tax bylaw.

First reading of the bylaw was passed during their regular May 13 meeting. However, as Lethbridge County had yet to pass their mill rate bylaw, the Town had to wait until the county passed their own mill rate bylaw so that they could set the mill rates for annexed properties, as per the annexation agreement. Coaldale’s bylaw was amended and presented to council to receive second and third reading.

Kyle Beauchamp, CFO for the town, said that while the changes were not documented for council, any changes were minor, “to the extent of a thousandth of a decimal.”

According to the bylaw, the rates are:

Municipal

• Residential: 7.0863

• Farmland: 7.0863

• Non-residential: 9.6900

• Annexed Residential: 4.7585

• Annexed Farmland: 29.0000

• Annexed Non-residential: 8.8283

Education

• Residential: 2.3973

• Farmland: 2.3973

• Non-Residential: 3.3143

• Annexed Residential: 2.4792

• Annexed Farmland: 2.4792

• Annexed Non-residential 3.5735

Green Acres

• Residential: 0.1395

• Farmland: 0.1395

• Non-Residential: 0.1395

• Annexed Residential: 0.1372

• Annexed Farmland: 0.1372

• Annexed Non-residential: 0.1372

Machinery and equipment does not have a rate listed under any of the above sections.

Additionally, the total residential rate for 2024 is 5.2 per cent lower then in 2023, and the total non-residential rate for 2024 is 2.5 per cent lower than in 2023.