April 14, 2024

CPS

Travel Adventure

Rhineland’s Don Wiebe talks 2024 Financial Plan in Reeve on the Radio – PembinaValleyOnline.com

1 min read

Thursday morning brought another Reeve on the Radio with Municipality of Rhineland Reeve Don Wiebe. When CFAM Radio 950 Morning Show Host Chris Sumner caught up with him yesterday morning, Council had just finished presenting the 2024 Financial Plan. That was the primary focus for this morning’s conversation.

“The Assessment Branch determines the assessed value of each property, which determines the amount of taxes you have to pay, but you don’t pay on your assessed value, because  there is the concept of proportional assessment,” explained Wiebe. “Now, this means that for residences, this calculation is based on 45% of your actual assessed value, for farm property that’s 26% and for all commercial ventures, they use 65%.”

According to the Reeve, Rhineland’s In 2023 total proportioned assessment was $6.2 million, and in 2024 it was $6.71 million.

“That’s an increase of 1%,” noted Wiebe. “In Rhineland, farmland makes up 58% of the total assessment, residential is 27% and commercial and all other revenue such as pipelines is 15%. So, in summary, the mill rate, which is a tax based on per $1,000 assessment was 8.361 in 2023. In 2024, it’s going to be 8.82. This represents a rate increase of 5.49%. Now, LUD’s have separate budgets and their mill rates vary.”

You can get the specifics on how this increase may impact your tax bill in the full conversation, below.

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