2026 Tax Rate Bylaw B-11/2026

Airdrie, Alberta

This is the exact embedded text of the captured official document. Snapshot 267318cd7d8f · verified 2026-06-08 · original document · archived snapshot · unofficial consolidation, the official version is held by the municipal clerk.

BYLAW NO. B-11/2026 OF THE CITY OF AIRDRIE IN THE PROVINCE OF ALBERTA A bylaw to authorize the rates of taxation to be levied against assessable property within the City of Airdrie for the 2026 taxation year. WHEREAS the City of Airdrie (the "City") has prepared and adopted detailed estimates of the municipal revenues and expenditures as required, at the Council meeting held on December 9, 2025; and WHEREAS the estimated municipal revenues from all sources other than property taxation total $205,804,895; and WHEREAS the estimated municipal expenditures (excluding non-cash items) set out in the annual budget for the City for 2026 total $205,804,895 and the balance of $69,799,836 is to be raised by general municipal property taxation; and WHEREAS the estimated amount required to repay principal debt to be raised by general municipal taxation is $7,129,137; and WHEREAS the estimated amount required for current year capital expenditures to be raised by general municipal taxation is $14,250; and WHEREAS the estimated amount required for future financial plans to be raised by municipal taxation is $20,511,560; and THEREFORE the total amount to be raised by general municipal taxation is $97,454,907; and WHEREAS section 3 of the City of Airdrie Downtown Community Revitalization Levy Regulation, AR 253/2022 established a community revitalization area known as, "Airdrie Downtown Community Revitalization Levy Area"; and WHEREAS section 381.2 of the Municipal Government Act, RSA 2000, c M-26 (the "Act") authorizes a council to pass a bylaw to impose a levy in respect of the incremental assessed value of property in a community revitalization levy area to raise revenue to be used toward the payment of infrastructure and other costs associated with redevelopment of property in the community revitalization levy area; and WHEREAS Council passed Bylaw B-64/2022 to authorize the imposition of a community revitalization levy in the Airdrie Downtown Community Revitalization Levy Area, which the Lieutenant Governor in Council approved on December 14, 2022; and WHEREAS pursuant to section 10 of AR 253/2022 Council is required to pass a community revitalization levy rate bylaw annually; and WHEREAS Council is required each year to impose on the incremental assessed value of property within the Airdrie Downtown Community Revitalization Levy Area community revitalization levy rates that are equal to or greater than the tax rates established annually for the 2026 Taxation Rate Bylaw B-11/2026 Page 2 of 4 corresponding property tax bylaw for each assessment class or sub-class of property referred to in section 297 of the Act; and WHEREAS the estimated revenues to be raised through the Airdrie Downtown Community Revitalization Levy to be applied towards the payment of infrastructure and other costs associated with the revitalization plan within the Airdrie Downtown Community Revitalization levy area for the year 2026 are $673,958; and WHEREAS the requisitions including adjustments for over/under levies are: WHEREAS Council is required each year to levy on the assessed value of all property tax rates sufficient to meet the estimated expenditures and the requisitions; and WHEREAS Council is authorized to classify assessed property, and to establish different rates of taxation in respect of each class of property, subject to the Act; and WHEREAS the assessed value of all property in the City as shown on the assessment roll is: NOW THEREFORE the Council of the City of Airdrie enacts as follows: Title 1 This bylaw may be cited as, "2026 Taxation Rate Bylaw". Alberta School Foundation Fund Residential/Farmland $44,906,821 Non-residential $8,979,989 $53,886,810 Opted Out School Boards Residential/Farmland $4,599,850 Non-residential $617,805 $5,217,655 Total school requisitions $59,104,465 Senior Foundation $1,166,127 Designated industrial properties $8,175 2026 Taxation Rate Bylaw B-11/2026 Page 3 of 4 Definitions 2 All words in this bylaw have the same meaning as the Act and its regulations unless defined otherwise in this bylaw. 3 In this bylaw, (1) "City" means the municipal corporation of the City of Airdrie and the geographical area contained within the boundaries of the City; and (2) "City Manager" means the City's Chief Administrative Officer appointed pursuant to the Municipal Government Act; and (3) "Council" means the Council of the City of Airdrie. Taxation rates 4 The City Manager is authorized and required to levy the following rates of taxation on the assessed value of all property as shown on the assessment roll and supplementary assessment roll of the City: Tax Levy Assessment Tax Rate General Municipal Residential/Farmland 40,714,634 18,186,015,590 0.00223879 Non-residential 11,576,566 2,459,170,120 0.00470134 52,276,029 20,645,185,710 General Municipal Annexation Residential 503,591 235,918,090 0.00213460 Non-residential 232,884 31,171,300 0.00747110 Farmland 11,945 2,238,400 0.00533640 748,420 269,327,790 Protective Services Municipal Residential/Farmland 22,352,338 18,186,015,590 0.00122909 Non-residential 6,347,192 2,459,170,120 0.00258103 28,699,530 20,645,185,710 Capital Investment Residential/Farmland 12,251,866 18,186,015,590 0.00067370 Non-residential 3,479,062 2,459,170,120 0.00141473 15,730,928 20,645,185,710 Alberta School Foundation Fund Residential/Farmland 44,906,821 16,712,313,282 0.00268705 Non-residential 8,979,989 2,310,928,043 0.00388588 53,886,810 19,023,241,324 2026 Taxation Rate Bylaw B-11/2026 Page 4 of 4 Tax Levy Assessment Tax Rate Opted-Out School Boards Residential/Farmland 4,599,850 1,711,858,798 0.00268705 Non-residential 617,805 158,987,037 0.00388588 5,217,655 1,870,845,836 Rocky View Seniors Foundation 1,166,127 20,894,583,250 0.00005581 Designated Industrial Property 8,175 111,935,950 0.00007303 Community Revitalization Levy (CRL) Incremental Municipal Equivalent Residential 98,748 23,843,000 0.00223879 Municipal Equivalent Non-residential 350,756 40,180,270 0.00470134 Education Equivalent Residential 65,398 0.00268705 Education Equivalent Non-Residential 159,055 0.00388588 673,958 64,023,270 Effective date 5 This bylaw takes effect on the date of the third and final reading. Read a first time this 19th day of May, 2026 Read a second time this 19th day of May, 2026 Read a third time this 19th day of May, 2026 THIS bylaw was executed as of the latest date evidenced by the signature below. MAYOR CITY CLERK 05/20/2026 05/20/2026