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> Doing Business in Devon > Development, Levies & Taxes
Doing Business in DevonDevelopment, Levies & Taxes
* Business Investment Portal
* CleanTech and Innovation
+ Devon Research Centre
+ Net Zero
* Devon Advantages
+ Transportation
+ Lifestyle & Culture
* Economic Development
* Development, Levies & Taxes
* Real Estate
# Development, Levies & Taxes
### Development Agreements
Development agreements are legal contracts between a municipality and landowner or developer that set conditions for how to develop a site. Development agreements are often required for subdivisions and may be required as part of a development permit.
* The Town's **Municipal Development Plan** can be found here.
* Fees and applications are available **here**.
### Development Charges
Development charges are costs collected to build new infrastructure. New infrastructure may include new or extended roads, water, sanitary and storm water infrastructure, and the land required for each. This is required to serve new developments and support growth for the Town.
For land use guidelines please reference the **Land Use Bylaw**.
### Off-site Levies
Off-site levies are a one-time fee that contribute to the cost for roads and municipal wide utility systems including water, storm sewer and sanitary sewage and is in addition to the required development fees.
In 2018, Municipal Affairs modified this fee structure to allow a municipality to include capital costs of new or expanded community assets such as recreation facilities, fire hall facilities, police station facilities, parks and libraries – which most regional municipalities have adopted in their Bylaws and currently charge to new development.We have authority to collect development charges through the Municipal Government Act and **Off-site Levy Bylaw.**
**Please contact Devon's Planning and Development department for more information or to get help navigating your development.**
* P: 780-987-8237
* e: [email protected]
### Taxation
Annually, Town Council sets the municipal tax rate, also known as the “mill-rate”, to fund the tax requirements needed to provide the services approved through the adoption of the annual operating capital budgets.
The annual property tax levies are based on the assessed value multiplied by the mill-rate.
| | | |
| --- | --- | --- |
| **Non-Residential Property** | | |
| **Type of Taxes** | **Tax Rates** | **Assessment** |
| Municipal Purposes | 0.0089402 | 152,793,850 |
| School Requisition | 0.0038300 | 113,153,050 |
| Leduc Foundation Requisition | 0.0000268 | 113,L53,050 |
| DIP Requisition | 0,0000756 | 9,991,510 |
| TOTAL | 0.0128736 | |