Olds residents opening their June 2026 utility bill from the Town of Olds will find their annual property tax and assessment notices tucked inside. The bills reflect a 5.5 percent municipal tax rate increase approved by council, along with higher provincial education and seniors’ housing requisitions. While the Town maintained the same base municipal tax rates as 2025, total tax bills are also higher due to rising property assessments.
The average residential property owner will pay about $21.92 more per month for the municipal portion of their taxes. The Government of Alberta raised its education property tax rate from $2.72 to $2.84 per $1,000 of residential equalized assessment in 2026‑27, adding roughly $155 to the typical home’s tax bill. The requisition for Mountain View Seniors’ Housing rose four percent, contributing another $8 per year for the average homeowner.
Town council voted 4‑2 in April 2026 to approve the 5.5 percent municipal tax rate increase for 2026. Mayor Dan Daley noted that Olds had been charging roughly 15 to 20 percent less than comparable communities, and provincial officials signalled the town needed to build its tax base to access more provincial funding. “Option 2 will result in a 9.6 per cent increase in total municipal tax revenue,” administration’s request for decision stated, adding the $21.92 monthly estimate.
The assessment notices themselves were prepared by KCL Consulting Inc., the independent firm that handles property valuations for the town. Property owners have 60 days from the notice date to review their assessment and contact the assessor with questions. If concerns cannot be resolved, a formal appeal can be made to the Central Alberta Assessment Review Board.
Alongside tax information, the June 2026 utility newsletter insert highlights the town’s newly released Economic Development Strategy. A May 2026 public survey drew 83 responses, with supporting and growing local businesses (61 votes) and attracting new investment (51 votes) topping the list of community priorities. The town is also putting roughly $500,000 into capital reserves this year to help cover future projects like the Sportsplex electrical overhaul, which begins a temporary closure today, and long‑term fire apparatus replacement.
