Table 3
Town of Lacombe
2006 Education Tax Calculation
				2005	2006	%
						Change
Equalized Assessment
	Residential			$429,338,652	$462,792,157	7.79%
	Non-residential			$93,180,420	$99,939,038	7.25%
	Machinery and Equipment			$1,933,960	$1,933,960	0.00%
				$524,453,032	$564,665,155	7.67%
Education Tax Levy
	Provincial Mill Rate on Equalized
		Residential		5.1700	4.8000	-7.16%
		Non-Residential		7.5900	7.0500	-7.11%
		Mach & Equip		0.0000	0.0000	0.00%
		Residential		$2,219,681	$2,221,402	0.08%
		Non-Residential		$707,239	$704,570	-0.38%
		Mach & Equip		$0	$0	0.00%
			Total Requisition	$2,926,920	$2,925,972	-0.03%
		Recovery of prior year overlevy
			Residential	($3,464)	$4,312
			Non-Residential	($8,052)	$10,024
			Mach & Equip	$0	$0
				($11,516)	$14,336
			Total to be Raised in Taxation	$2,915,404	$2,940,309	0.85%
	Live Assessment available for Education Tax Levy
		Residential		$520,424,410	$577,577,030	10.98%
		Non-Residential		$108,302,960	$114,728,000	5.93%
		Mach & Equip		$0	$0	0.00%
			Total Assessment	$628,727,370	$692,305,030	10.11%
	Live Mill Rate
		Residential		4.236	3.854	-9.02%
		Non-Residential		6.408	6.229	-2.81%
		Mach & Equip		0.000	0.000	0.00%
	Education Taxes Collected
		Residential		$2,204,246	$2,225,715	0.97%
		Non-Residential		$694,049	$714,594	2.96%
		Mach & Equip		$0	$0	0.00%
			Total Education Taxes Collected	$2,898,295	$2,940,309	1.45%
	Over(Under) Levy			($17,109)	$0