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calgarywinning · 01-05-2020, 05:17 PM

The media reports a very basic version of how the system works.

Tax Rate = Mill rate; terms are interchangeable applied to the property valuation pool as a whole. In order for them to set the Mill Rate/Tax Rate, they need to set the property valuation. That's why everyone gets their valuation on Jan 1 (used to be Mid to end Feb).

The percentage increase reported is on the increase over the collective mill rate/tax rate from the previous year, but is no reflection on the property valuation pool that it is being applied to.

01-05-2020, 05:17 PM	#58
calgarywinning First Line Centre Join Date: Feb 2013 Location: Field near Field, AB Exp:	The media reports a very basic version of how the system works. Tax Rate = Mill rate; terms are interchangeable applied to the property valuation pool as a whole. In order for them to set the Mill Rate/Tax Rate, they need to set the property valuation. That's why everyone gets their valuation on Jan 1 (used to be Mid to end Feb). The percentage increase reported is on the increase over the collective mill rate/tax rate from the previous year, but is no reflection on the property valuation pool that it is being applied to. Last edited by calgarywinning; 01-05-2020 at 05:20 PM.