DIDSBURY - The Town of Didsbury's council has approved the 2025 tax rate bylaw, which calls for a residential rate of 6.76, compared with 7.156 last year.
Assessments and the education tax levy have both increased markedly in 2025.
This year’s non-residential rate is 8.67, compared with 8.811 in 2024.
The 2025 tax split is 84.9 residential/farmland and 15.1 non-residential. Last year the split was 85.15 residential and 14.85 non-residential.
Council approved the 2025 operating budget earlier, which will see revenues from taxes increase 3.93 per cent over 2024.
“In this day and age the cost-of-living is expensive for everybody and for municipalities too,” mayor Rhonda Hunter told the Albertan. “We have (seen) increased cost of service and cost of products and so to hold it at 3.93 per cent I think council is satisfied with that number.
“I think we are right in the ball park with that is going on in the world and even in our region for taxes.”
The education property tax requisition for 2025 is $2,094,437, a 15 per cent increase over 2024. That tax is collected by the town and sent to the provincial government.
The Mountain View Seniors' Housing requisition in 2025 is $283,573, a 6.5 per cent increase from 2024.
On the assessment side, residential assessment in 2025 is $670,369,330, up from $610,757,140 in 2024.
Non-residential assessment in 2025 is $93,319,060, up from $86,179,200 last year.
"Due to the increase in requisitions, the combined rates, which include the provincial portion, are 9.67 per cent residential and 12.87 per cent non-residential," the town said in a press release.
"The combined residential tax rate has decreased by three per cent from 2024 and the combined non-residential tax rate has increased by one per cent.
"For the average home assessed at $324,000, the tax increase, including education requisition, will be approximately $8 per month."
Deputy mayor Curt Engel did not attend the April 22 council meeting, held in person and online.
