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Town of Banff Bylaw 240-24 - 2026 Tax Rate Bylaw
Page 1 of 3
TOWN OF BANFF
BYLAW 240-24
2026 TAX RATE BYLAW
A Bylaw to Authorize the Tax Rate to be Levied Against Assessable Property Within the
Town of Banff for the 2026 Taxation Year
WHEREAS, the estimated municipal operating expenditures and transfers set out in the
budget for the Town of Banff for 2026 total $75,873,238;
AND WHEREAS, the requisitions are:
Alberta School Foundation Fund (ASFF)
Residential
$ 6,910,883
Non-residential
$ 8,809,500
Bow Valley Regional Housing
$ 528,711
Designated Industrial Property Tax
$ 978
AND WHEREAS, the assessed value of all taxable property in the Town of Banff as shown
on the assessment roll is:
Assessment
Residential
$ 2,451,954,830
Non-residential
$ 2,207,016,960
Total
$ 4,658,971,790
NOW THEREFORE the Council of the Town of Banff, in the Province of Alberta, duly
assembled, ENACTS AS FOLLOWS:
1.0 CITATION
1.1
This bylaw may be cited as the "2026 Tax Rate Bylaw".
2.0 PROVISIONS
2.1
The Director, Corporate Services is hereby authorized to levy the following rates of taxation
on the assessed value of all property as shown on the assessment roll of the Town of Banff:
Town of Banff Bylaw 240-24 - 2026 Tax Rate Bylaw
Page 2 of 3
3.0 SEVERABILITY
3.1
If any clause in this bylaw is found to be invalid, it shall be severed from the remainder of the
bylaw and shall not invalidate the whole bylaw.
4.0 REPEAL
4.1
Bylaw 240-23, 2025 Tax Rate Bylaw, is repealed.
TAX LEVY
ASSESSMENT
TAX RATE
General Municipal
Residential
5,899,894
$
2,451,954,830
$
2.4062
Non-Residential
21,298,377
$
2,207,016,960
$
9.6503
Municipal Housing
Residential
29,178
$
2,451,954,830
$
0.0119
Non-Residential
105,332
$
2,207,016,960
$
0.0477
Total Municipal
Residential
5,929,072
$
2,451,954,830
$
2.4181
Non-Residential
21,403,709
$
2,207,016,960
$
9.6980
ASFF - Education
Residential
6,910,883
$
2,441,835,650
$
2.8302
Non-Residential
8,809,500
$
2,207,016,960
$
3.9916
Bow Valley Regional Housing
Residential
115,337
$
2,469,739,980
$
0.0467
Non-Residential
413,374
$
2,207,016,960
$
0.1873
Designated Industrial
Non-Residential
978
$
12,441,210
$
0.0728
Total
Residential
12,955,292
$
2,451,954,830
$
Non-Residential
30,627,561
$
2,207,016,960
$
Town of Banff Bylaw 240-24 - 2026 Tax Rate Bylaw
Page 3 of 3
5.1
This bylaw comes into force on the date it is passed and is signed by the Mayor and the
Town Manager or designates.
READ A FIRST TIME this 28 day of April, 2026.
READ A SECOND TIME, this 28 day of April, 2026.
READ A THIRD TIME, this 28 day of April, 2026.
SIGNED AND PASSED, this 28 day of April, 2026.
.
On Original
Corrie DiManno
Mayor
On Original
Kelly Gibson
Town Manager
5.0 ENACTMENT