There’s some good news for residents in the town of Coaldale; town council has approved the 2026 Property Tax Bylaw which will effectively decrease the residential mill rate to offset rising property costs. The mill rate will fall by 6.9017 to 6.2612 (9.3%) to achieve a net increase of property taxes by 0%.
“As a Council, we were very clear during budget deliberations that we wanted to protect residents from unnecessary tax increases wherever possible, including increases due to inflation”, said Mayor Jack Van Rijn in a statement issued. “We didn’t want rising property values to automatically result in more burdensome tax bills, especially at a time when families and businesses are already facing significant cost pressures.”
To compare, the average residential property tax increase in the region stands at 3.72%, with the highest rates being Taber at over 9.15%, and here in Lethbridge with a 5.1% increase.
For non-residential properties on the other hand, Coaldale will maintain a property tax rate of 1% or $10 for every $1,000 in assessed value.