How are my property tax dollars allocated?
For residential property taxes:
- 77% of your property taxes go to the Town of Ponoka;
- 22% to the Alberta Government for education taxes. The province distributes the dollars to the public and separate school boards on a per student basis; and
- 1% goes to Seniors Housing (which the Town is required to collect on behalf of Rimoka Housing Foundation).
For commercial property taxes:
- 74.5% of your property taxes go to the Town of Ponoka;
- 25% to the Alberta Government for education taxes. The province distributes the dollars to the public and separate school boards on a per student basis; and
- 0.5% goes to Seniors Housing (which the Town is required to collect on behalf of Rimoka Housing Foundation).