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2025 Budget
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.
RESIDENTIAL PROPERTY OWNERS
Residential property owners will see a 2% tax rate increase
The average residential property owner in Drayton Valley can expect to see an average increase of $12.47/month or $149.64/year.
Final residential taxation amounts will be determined in the spring of 2025 following the receipt and review of property assessments.
Based on the 2024 property assessments, the average residential property assessment in Drayton Valley is $265,885
COMMERCIAL PROPERTY OWNERS
There will be a 0% tax rate increase on commercial properties
Legislatively, a 5:1 ratio must be maintained between commercial and residential property tax rates. While Drayton Valley is well within those ratios, it is still higher than comparable municipalities.
The final impact will be realized in the spring of 2025 following the receipt and review of property assessments.
Based on the 2024 property assessments, the average commercial property assessment in Drayton Valley is $884,728
“I am proud of the work that Council has done over the last several years to bring us to this point. We have always strived to deliver a budget that strikes a balance between the needs of the community and the wants of our residents. This approach allows us to undertake a number of important infrastructure projects and initiatives that contribute to a welcoming and inclusive community. As part of our budget process, we have ensured that our long-range financial planning accounts for organizational growth and the operational needs of our community. The last few years have been tough, and we’ve had to make some tough decisions, but we are in a much better position because of those decisions.”
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
HOW YOUR TAX DOLLARS SPENT
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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