This is the exact embedded text of the captured official document.
Snapshot 2f766c937d32 · verified 2026-06-08 ·
original document ·
archived snapshot ·
unofficial consolidation, the official version is held by the municipal clerk.
TOWN Of
DIAMOND
VALLEY
BYLAW 2026-135
A BYLAW TO AUTHORIZE THE RATES OF TAXATION TO BE LEVIED AGAINST ASSESSABLE PROPERTY WITHIN
THE TOWN OF DIAMOND VALLEY FOR THE 2026 TAXATION YEAR.
WHEREAS, the Town of Diamond Valley has prepared and adopted detailed estimates of municipal revenue,
expenses and expenditures as required, at the council meeting held on December 17, 2025; and;
WHEREAS, the estimated municipal revenues from all sources other than property taxation total $8,235,312.00
and;
WHEREAS, the estimated municipal expenses (excluding non-cash items) set out in the annual budget for the
Town of Diamond Valley for 2026 total $15,707,579.00; and the balance of $7,472,267.00 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
$480,604.00 a nd;
THEREFORE the total amount to be raised by general municipal taxation is $7,472,267.00 and;
WHEREAS, the requisitions are:
Alberta School Foundation Fund (ASFF)
-
Residential/Farmland
Non-residential
Opted Out School Board
Residential & Farmland
Non-residential
Designated Industrial Property
Seniors Foundation
$2,960,883.25
$400, 848. 07
$243,033.18
$6,405.08
$1098.24
$114, 971. 13
WHEREAS, the council is authorized to sub-classify assessed property, and to establish different rates of
taxation in respect to each sub-class of property, subject to the Municipal Government Act, Revised Statutes of
Alberta 2000, Chapter M-26, and;
WHEREAS, the assessed value of alt property, excepting the annexed properties, in the Town of Diamond Valley
as shown on the assessment roll is:
Residential & Farmland
Non-Residential and
Machinery & Equipment
Vacant Non-Residential
Total Assessment
$1,187,086,510
$90,107,950
$8,102,800
1 285 297 260
Elected Official Initial
litial P)L
CAO Initial.
f»« II
DIAMOND
VAI.I.ET
Bylaw 2026-135
2026 Tax Rates Bylaw
Page 2
AND WHEREAS, the assessed value of all the annexed properties in the Town of Diamond Valley as shown on
the assessment roll is:
Farmland
Residential
Non-Residential
$ 122,200
1, 674, 000
2 002 300
Total Assessment
3 798 500
THEREFORE, BE IT RESOLVED THAT under the authority of the Municipal Government Act, the Council of the
Town of Diamond Valley, in the Province of Alberta, enacts as follows:
1.0 LEVY OF TAX RATES
The Chief Administrative Officer is hereby authorized to levy the following municipal rates of taxation on
the assessed value of all properties not subject to section 2 of this bylaw, as shown on the assessment roll
of the Town of Diamond Valley
Tax Levy
Assessment
Tax Rate
General Municipal
Residential & Farmland
$6,515,353
$1,187,086,510 0.005488524
Non-Residential and Machinery &
Equipment
Vacant Non-Residential
$804, 180
$90, 107, 950
0.008924636
$126, 584
$8, 102, 800
0.015622252
Totals:
$7,446, 117
$1, 285, 297, 260
2.0 ANNEXED PROPERTY (ORDER IN COUNCIL 15/2020)
There shall be assessed, imposed, and collected for the year of 2026, on those properties annexed to the
Town of Diamond Valley which are subject to the Order in Council 15/2020, effective January 1, 2020,
those rates which are provided in the Order.
The Chief Administrative Officer is hereby authorized to levy the following municipal rates of taxation on
the assessed value of the annexed property as shown on the assessment roll and established by the
Foothills County:
General Municipal
Farmland
Residential
Non-Residential and Machinery &
Equipment
Elected Official Initial
Totals:
Tax Levy
$1,449
$5,894
$18,807
$26, 150
Assessment
Tax Rate
$122, 200
0.011858445
$1, 674, 000
0.003521054
$2,002,300 0.009392591
$3, 798, 500
CAO Initial.
ISW 11
DIAMOND
VALLEY
Bylaw 2026-135
2026 Tax Rates Bylaw
Page3
3.0 REQUISITIONS
The Chief Administrative Officer 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 Diamond Valley:
Education
Residential & Farmland
$3,203,916
$1,177,540,610
0.00272085
Non-Residential
$407,254
$97,275,800
0.00418658
Totals:
$3,611,170
$1,274,816,410
Seniors Foundation
$
114,971
$1,277,753,660
0.000089979
Designated Industrial Property
$
1,077
$ 14,791,820
0.0000728
4.0 PENALTIES ON UNPAID CURRENT TAXES AND ARREARS
4. 1. All annual property taxes, local improvement taxes or other property taxes levied shall be paid in full on or
before August 17th in the year in which they are levied. When any portion of such taxes remains unpaid, a
penalty for non-payment of the outstanding taxes shall be imposed in an amount equal to 12% thereof on
the 18th day of August.
4. 2. In the event of any annual taxes and associated penalties remaining unpaid after December 31st, of the
year for which the same are levied, there shall be added, by way of penalty, an amount equal to 12% on
the first day of January of the succeeding year.
This bylaw will take force and effect upon third and final reading and signing thereof.
READ A FIRST TIME on the
3rd
day of
READ A SECOND TIME on the
'"'
day of
READ A THIRD AND FINAL TIME on the
June
day of
2026
2026
2026
Ma or
Chief Administrative Office
ATIA 20
ATIA 20