Drayton Valley town council has approved the 2026 Tax Rate Bylaw with no increase to the residential rate and a 1.7 per cent decrease to the non-residential rate, but elevated assessment values and provincial requisitions will still land residents with a higher bill.
Town officials report that residential properties were assessed at an average value of $301,000, up from $283,000 in 2025. The average commercial property value increased to $979,000 this year compared to $925,000 last year.
With increased assessment values, increased provincial requisitions and the maintained or decreased municipal tax rate considered altogether, the average residential property owner will see a $196 bump to their 2026 bill, or $16.40 per month. About $61 of that annual increase will go to the Alberta government.
The average non-residential property owners will see a $922 increase for the year, or $76.84 per month, with $351 of that total going directly to the province.
Council approved the bylaw during its regular meeting on May 6.
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Related: Drayton Valley town council approves 2026 Operating Budget with no residential property tax increase
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