Can BC not follow the Alberta model?? Here are excerpts from the - TopicsExpress



          

Can BC not follow the Alberta model?? Here are excerpts from the website municipalafdairs.alberta.ca/1538.cfm >Canada’s Constitution and the Alberta School Act establish Alberta’s public and separate school system. As such, municipalities ask property owners to declare whether they support public school or a local Catholic or Protestant separate school district. Property owners indicate their support based on their faith and the proportion of ownership they hold in a property (50 percent for two owners, 33 percent for three owners, etc.). Where there is no separate school district, or a declaration is not filed, 100 percent of education property tax dollars are directed to the public school boards. Property owners may change their school support declaration at any time. A school support notice filed by a property owner becomes effective in the year following the year in which it is filed. >Education property taxes In Alberta, education is a provincial program. The taxes that fund the program are raised and distributed on a provincial basis. Education property tax dollars are pooled in the Alberta School Foundation Fund and then allocated among school boards throughout the province. This system of pooling taxes from all municipalities enables the province to provide all students with a standard level of education, no matter where they live. Each year the province calculates the amount that every Alberta municipality must contribute towards the public education system. The calculation is based on a formula that takes into account the equalized assessment in each municipality and the provincial uniform education property tax rate. The province notifies municipalities of the amount of education taxes they are required to collect. Each municipality then establishes a local education property tax rate. This tax rate is calculated by dividing the required amount by the municipality’s current taxable assessment. The municipality then applies its local education tax rate to the assessed value of each property to determine the amount of education taxes each property owner is required to pay for the year. Municipalities include the education property tax on their annual property tax bills to property owners. Municipalities collect education tax dollars from their ratepayers, and send them to the province and, in some instances, to a separate school board.
Posted on: Sat, 27 Sep 2014 15:44:43 +0000

Trending Topics



Recently Viewed Topics




© 2015