UNDERSTANDING YOUR TAXES

Property Taxation is the process of calculating a tax by multiplying the assessment by a tax rate. Tax rates are calculated based on the amount of property tax revenue that is required to pay for the services that are provided.

The tax rates are called Mill Rates.  This means the tax per dollar of assessed value of property.  The rate is expressed in "mills", where one "mill" is one-tenth of a cent ($0.001).

There are two separate tax rates in The County of Vermilion River:

  • Municipal - this tax rate generates the amount of annual tax revenue required to support municipal operations.
  • Education Requisition - this tax rate generates the amount of annual tax revenue required to support the annual requisition from the Provincial Government

The formula for calculating the tax levy is:

Tax Levy = Property Assessment x Mill Rate ÷ 1000


MILL RATES

Mill Rates Municipal School-Public/Separate
  2015 2016 2015 2016
Residential-General 2.0655 2.0655 2.3425 2.4930
Residential-Hamlets (Blackfoot) 4.8090 4.8090 2.3425 2.4930
Residential-Hamlets (Clandonald) 6.1366 6.1366 2.3425 2.4930
Residential-Hamlets (Islay) 5.6040 5.6040 2.3425 2.4930
Residential-Hamlets (McLaughlin) 3.5484 3.5484 2.3425 2.4930
Residential-Hamlets (Rivercourse) 6.2893 6.2893 2.3425 2.4930
Residential-Hamlets (Streamstown) 5.6340 5.6340 2.3425 2.4930
Residential-Hamlets (Tulliby Lake) 3.8197 3.8197 2.3425 2.4930
Div 5 Residential-Multi Lot  2.350 2.350 2.3425 2.4930
Farmland 11.3400 11.3400 2.3425 2.4930
Non Residential 11.6265 11.6265 3.3536 3.6779
General Recreation 0.1500 0.1593 N/A N/A
Vermilion Recreation 0.3717 0.3670 N/A N/A
Marwayne Recreation Area 0.2118 0.1921 N/A N/A
Paradise Valley Fire 0.1236 0.1262 N/A N/A
Paradise Valley Special Rec 0.2053 0.1792  N/A N/A 
Dewberry Recreation N/A 0.1366 N/A N/A

 

Mill Rate Comparison (2010-2016)