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2025 Budget
Town Council approves 0%
Municipal Tax Rate Increase for 2025
Significant cost savings on insurance as well as increases in franchise fees and interest revenue have allowed Town Council to deliver a balanced budget that prioritizes customer service, community safety, infrastructure improvements and community beautification.
Although the municipal tax rate will remain unchanged, property owners will still see an increase in their overall tax bill. This is due to two main factors:
- Assessment growth, which reflects the market value of individual properties;
- A 12.91% increase to the provincial school tax, which is determined by the Government of Alberta. The Town has no influence over this portion of the tax bill and is legislatively required to collect and remit the school tax to the Province.
RESIDENTIAL PROPERTY OWNERS
0% Municipal Tax Rate Increase
Due to increases in property values, and an increase in the Alberta School Tax, the average residential property will see an increase in their overall tax bill.
The average residential property owner in Drayton Valley can expect to see an average increase of $18.75/month or $225.03/year in the municipal portion of their tax bill.
Based on the 2024 property assessments, the average residential property assessment in Drayton Valley is $283,621
COMMERCIAL PROPERTY OWNERS
0% Municipal Tax Rate Increase
Due to increases in property values, and an increase in the Alberta School Tax, the average commercial property will see an increase in their overall tax bill.
The average commercial property owner in Drayton Valley can expect to see an average increase of $1,082.27/month or $90.19/year in the municipal portion of their tax bill.
Based on the 2024 property assessments, the average commercial property assessment in Drayton Valley is $925,755
“We know that many residents and business owners are feeling the strain of higher costs across the board. We’ve worked hard to present a fiscally responsible and forward-looking budget that supports the services our community relies on while considering our future needs. However, we recognize that our residents and business owners will still see an increase in their overall tax bill due to higher property assessments and the provincial increase to the Alberta School Tax. In developing the budget, we were mindful of these ongoing challenges and remain committed to managing our budget responsibly while continuing to invest in the services that matter most to Drayton Valley.”
UNDESTANDING YOUR TAX BILL
2025 BUDGEt
CAPITAL BUDGET
The Capital Budget typically focus on building or improving infrastructure and assets such as major work construction or significant upgrades or replacement of existing infrastructure
OPERATING BUDGET
The Operating Budget covers the day-to-day expenses of running the municipality and includes maintenance of existing infrastructure and the cost of operating existing programs, services and our facilities
The full Budget Package is available here
Budget Deliberations
Town Council held two meetings to discuss and review the 2025 Capital and Operating Budgets on November 28 & December 3, 2024. You can view the meeting recordings here
November 28
december 3
DID YOU KNOW?
Your Tax Bill is made up of three components
The municipal portion of property taxes collected goes toward funding the services and amenities that help make Drayton Valley a great place to live, work, and play.
Property Assessment
Municipal tax rates are set by Town Council and are determined by the programs, services, and infrastructure needs of residents and businesses. Tax Rates are applied to the assessed value of properties within the municipalities. Your property assessment is determined by a third party assessor.
Education Property Tax
Every year the province calculates, based on assessment value, the amount each municipality must contribute towards the public education system. Municipalities collect the education property tax from rate payers and then forward it to the province for a deposit into the Alberta School Foundation Fund.
Brazeau Foundation
The Town receives a requisition from the Brazeau Foundation which provides affordable seniors housing. Under the Alberta Housing Act, the Town is required to collect these funds from the municipality property owners, similar to the education requisition.
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