Once assessment has been finalized, Council will set mill rates by way of a Tax Rate Bylaw. The tax rates will be set such that it ensures the Municipal District of Fairview No. 136 generates sufficient revenue through taxation to maintain the desired level of services provided to its residents. The Tax Rate Bylaw will also state the requisition amounts, which is calculated based on the Municipality's equalized assessment, for the following:
- Alberta School Foundation Fund (ASFF): The requisition amount is collected on behalf of and provided to the Province of Alberta, which then allocates the funds among school boards throughout the Province.
- North Peace Housing Foundation (NPFH): This requisition amount is collected on behalf of and provided to the North Peace Housing Foundation, which then uses the funds to provide services to seniors.
- Designated Industrial Property (DIP): This requisition is collected on behalf of and provided to the Province of Alberta.
2023 property tax rates were set by Council Bylaw No. 1000:
|DIP/Linear||Non-DIP Machinery/ Equipment||DIP Machinery/ Equipment|
Viewing the Historical Tax Rates document will allow you to compare how taxation and requisition rates have changed in recent years. Notably, there was a decrease in municipal residential tax rates for 2023 from 9.000000 to 7.400000.