181 Community Events Average residential property will see estimated combined increase of $324/year Devon’s 2025 Tax Rate Bylaw was approved by Council at their April 28, 2025, Council Meeting. For the 2025 Budget, a residential property with an average assessed value of $370,000 will see an estimated combined property tax increase of about $324 per year — or approximately $27 per month. This increase includes the municipal property tax portion as well as the Provincial Education Requisition, and the Leduc Regional Housing Foundation (LRHF) Requisition. Breakdown of Property Tax Assessment for assessed value of $370,000 Municipal Property Tax ~$132/year increase Provincial Education Requisition (collected on behalf of the province) ~$165/year increase Leduc Regional Housing Foundation Requisition ~$27/year increase Understanding Property Assessment Property taxes are based on the market value of your property as of July 1 of the previous year, as regulated by the Province of Alberta. Property assessments ensure that taxation is distributed fairly among all property owners. To fund the 2025 Municipal Budget, Devon households will see an increase of $36 per $100,000 of assessed property value on the municipal portion of their property taxes or $132 per year for a property with an average assessed value of $370,000. Other Taxing Authorities In addition to municipal taxes, Devon also collects taxes on behalf of the provincial government and regional housing providers. These portions are outside of the Town’s control. Provincial Education Requisition This requisition funds Alberta’s public and separate school systems for grades 1–12. Collected taxes are distributed across school boards. In 2025, the Provincial Education Requisition for the average house ($370,00 assessed value) will increase by about $165 per year. Leduc Regional Housing Foundation Requisition The LRHF provides affordable and supportive housing services to residents across the Leduc Region, including Devon. In 2025, the LRHF requisition for the average house ($370,00 assessed value) will increase by about $27 per year. Both requisitions will appear separately on your 2025 Property Tax Statement 2025 Budget Notable Items Key factors contributing to the municipal tax increase include: Increased municipal election costs due to changes to the Local Authorities Election Act Enhanced cybersecurity services to protect the Town from external cyber threats Increased investment in fire services to maintain high standards and support recruitment and retention Increased transfers to capital reserves to support future infrastructure projects Ongoing inflationary pressure impacting daily operational costs “Planning for Devon’s future has been at the heart of every budget this Council has supported, and this year is no exception,” said Mayor Craddock. “We’ve remained committed to growing our town thoughtfully – building our reserves, investing in our community, and working closely with Administration to bring our vision of a prosperous and resilient Devon to life. I’m incredibly proud of what we’ve accomplished together over the past four years, and of the strategic path we've set to support long-term success and sustainable growth.” Tax Notices and Payment Information Property tax notices will be mailed out to residential and non-residential property owners by May 31. Payment is due on or before June 30, and can be made: In person at the Town Office at 1 Columbia Avenue West, Devon, AB Our pre-authorized plan (PAP) to make convenient monthly payments. Electronic payments - note, not all financial institutions have the same payment deadlines. Please ensure you check with your financial institution for cut-off and processing times. Postdated cheques may be dropped off with the detachable portion of the tax notice at the Town Office between 8:30 a.m. and 4:30 p.m. at reception or after hours in our drop box. If you have not received your tax notice by Friday, June 6, please contact the Town Office at 780-987-8300. Learn more about your property tax notice at devon.ca/property-tax. Share Print