Council Approves 2026 Budget

On May 20, 2026, Council for the Town of Thorsby approved the 2026 municipal budget and Property Tax By-law 2026-08 with a 0% increase to the municipal mill rate.

While the municipal mill rate will remain unchanged, residents may still notice an increase in the municipal portion of their property taxes. The average household is expected to see approximately a 5% increase in municipal taxes, due exclusively to increased property assessments. Property assessments are determined independently and are outside of the Town’s control.

Property assessment notices were mailed to residents in late February and property owners had the opportunity to review and appeal their assessments up until the May 5, 2026 appeal deadline.

Residents will also see increases related to provincially mandated costs which include the Provincial Education Property Tax requisition and RCMP policing costs.

The overall average property tax increase for households is expected to be approximately 5.73% or $194 per year.

Council recognizes the ongoing financial pressures facing residents and businesses and remains committed to responsible financial management while continuing to maintain essential municipal services, infrastructure, and community programs.

The Town of Thorsby Budget includes a $6 million tax-supported operating budget to maintain current service levels and a $3.77 million capital budget to support the towns infrastructure, facilities and long-term assets.

“Council and Administration worked diligently to balance the needs of the community while limiting the impact on taxpayers,” said Mayor Darryl Hostyn for the Town of Thorsby. “Although the Town has maintained a 0% mill rate increase, external factors such as property assessments and provincially mandated requisitions continue to affect overall taxation.”

Residents with questions regarding their property taxes are encouraged to contact the Town Office for additional information.

For more information regarding the 2026 Budget or property taxation, please contact:
Cindy Van Leest, CFO
cvanleet@thorsby.ca
780-789-3935 ext 102
www.thorsby.ca