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CITY OF COLD LAKE
BYLAW NO. 906-AN-26
2026 TAX RATE BYLAW
A BYLAW OF THE CITY OF COLD LAKE, IN THE PROVINCE OF ALBERTA, TO AUTHORIZE THE
RATES OF TAXATION TO BE LEVIED AGAINST ASSESSABLE PROPERTY FOR THE 2026
TAXATION YEAR.
WHEREAS the City of Cold Lake has prepared and adopted detailed estimates of the municipal revenue and
expenditures as required, at the Council meeting held on December 9, 2025;
WHEREAS the estimated municipal expenditures and transfers set out in the budget for the City of Cold Lake
for 2026 total $61,334,897.00 and;
WHEREAS the estimated revenues and transfers from all sources other than taxation is estimated at
$36,100,514.35 and the balance of $25,234,382.65 is to be raised by general municipal taxation, and;
WHEREAS the requisitions including any under or over levy are:
Alberta School Foundation Fund (ASFF)
Residential/Farmland
Non-Residential
Opted Out School Board
Residential/Farmland
Non-Residential
ASFF Requisition Allowance
Senior Foundation
Designated Industrial Properties
4,469,777.92
1,183,878.00
851,693.12
1,540,480.13
217,051.97
2,213.83
and,
WHEREAS the Council of the City of Cold Lake is required each year to levy on the assessed value of all
property tax rates sufficient to meet the estimated expenditures and requisitions, and;
WHEREAS the Council is authorized to classify assessed property and to establish different rates oftaxation in
respect to each class of property, subject to the Municipal Government Act, Chapter M-26, Revised Statutes of
Alberta, 2000, and Order of Council 356/2018 for Annexed Land and,
WHEREAS the assessed value of all taxable and GIL property in the City of Cold Lake as shown on the
assessment roll is:
Assessment Class
Residential
Residential - 7+ year vacant
Multi-Family Residential
Non-Residential
Non-Residential- 7+ year vacant
Farmland
Machinery and Equipment
Residential - Annexed
Farmland- Annexed
Non-Residential - Annexed
Total Assessment
Assessment
1,780,617,840
18,370,000
111,043,000
626,477,350
13,806,000
146,100
931,160
7,902,000
161,540
194,220
2,559,649,210
NOW THEREFORE Under the authority of the Municipal Government Act, Chapter M-26, Revised Statutes
of Alberta, 2000, the council ofthe City of Cold Lake in the Province ofAlberta, enacts as follows:
1.
That the ChiefAdministrative Officer is hereby authorized to levy the following rates oftaxation on the
assessed value of all properties as shown on the assessment roll of the City of Cold Lake:
General Municipal
Tax Levy
Assessment
Rate
Residential/Fannland
15,105,152.04
1,780,763,940
8.4824
Residential 7+ year vacant
171,403.12
18,370,000
9.3306
Multi-Family Residential
941,911.14
111,043,000
8.4824
Non-Residential
8,763,854.30
626,477,350
13.9891
Non-Residential 7+ year vacant
212,446.73
13,806,000
15.3880
Machinery and Equipment
13,026.09
931,160
13.9891
Residential - Annexed
22,568.11
7,902,000
2.8560
Fannland -Annexed
1,292.32
161,540
8.0000
Non-Residential - Annexed
2,716.96
194,220
13.9891
Total General Municipal
25,234,370.81
2,559,649,210
ASFF
Tax Levy
Assessment
Rate
Residential/Farmland
4,324,736.17
1,557,453,245
2.7768
Non-Residential
1,186,929.19
279,047,653
4.2535
TotalASFF
5,511,665.36
1,836,500,898
Opted Out School Board
Tax Levy
Assessment
Rate
Residential/Farmland
1,001,556.06
360,687,143
2.7768
906-AN-26, 2026 Tax Rate Bylaw
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Non-Residential
1,532,591.02
360,312,923
4.2535
Total
2,534,147.08
721,000,066
Senior Foundation
Tax Levy
Assessment
Rate
Residential/Farmland/Non-Residential
217,211.89
2,558,443,934
0.0849
Designated Industrial Property
Tax Levy
Assessment
Rate
Non-Residential
2,213.36
30,237,216
0.0732
2.
That this Bylaw shall take effect on the date ofthird and final reading.
FIRST READING passed in open Council duly assembled in the City of Cold Lake, in the Province of Alberta
this 28day ofApril, 2026 A.D. on motion by Councillor Vining.
CARRIED
UNAMINOUSLY
SECOND READING passed in open Council duly assembled in the City ofCold Lake, in the Province ofAlberta
this 12day ofMay, 2026 A.D. on motion by Councillor Lefebvre.
CARRIED
UNAMINOUSLY
THIRD AND FINAL READING passed in open Council duly assembled in the City ofCold Lake, in the Province
ofAlberta this 12day ofMay, 2026 A.D. on motion by Councillor Cowell.
CARRIED
UNAMINOUSLY
Executed this 14" day of May, 2026.
906-AN-26, 2026 Tax Rate Bylaw
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