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
  2017 2018 2017 2018
Residential-General 2.1000 2.2195 2.5632 2.6483
Residential-Hamlets (Blackfoot) 5.0615 5.1810 2.5632 2.6483
Residential-Hamlets (Clandonald) 6.4727 6.5922 2.5632 2.6483
Residential-Hamlets (Islay) 5.9066 6.0261 2.5632 2.6483
Residential-Hamlets (McLaughlin) 3.7214 3.8409 2.5632 2.6483
Residential-Hamlets (Rivercourse) 6.6350 6.7545 2.5632 2.6483
Residential-Hamlets (Streamstown) 5.9384 6.0579 2.5632 2.6483
Residential-Hamlets (Tulliby Lake) 4.0099 4.1294 2.5632 2.6483
Div 5 Residential-Multi Lot  2.4476 2.5054 2.5632 2.6483
Farmland 12.0000 12.9765 2.5632 2.6483
Non Residential 12.1000 13.1007 4.4720 3.8845
Non Residential M&E 12.1000 13.1007 N/A N/A
General Recreation 0.1857 0.1966 N/A N/A
Vermilion Recreation 0.4221 0.4206 N/A N/A
Marwayne Recreation  0.1971 0.2016 N/A N/A
Paradise Valley Fire 0.0490 N/A N/A N/A
Paradise Valley Recreation 0.1855 0.1906  N/A N/A 
Dewberry Recreation 0.4161 0.4083 N/A N/A

 

Mill Rate Comparison (2011-2018)