Drumheller Valley is a welcoming home with exciting potential and a sought-after tourist destination! The Valley is full of opportunity to live, work, play and invest. We encourage sustainable growth and welcome new business opportunities.
Residential Development Incentive Programs
New developments of single-family detached residences, attached or unattached townhouses, or row houses with a listing sale price greater than $180,000 may be eligible for municipal property tax exemptions.
Multi-unit residential rental dwellings that are a minimum of two (2) units and have a minimum construction value of $400,000 may be eligible for municipal property tax exemptions.
New developments are eligible for municipal tax exemptions:
- First year - 100% municipal tax abatement
- Second year - 75% municipal tax abatement
- Third year - 50% municipal tax abatement
- Fourth year - 25% municipal tax abatement
If an application is approved, the tax abatement will appear as a credit on your tax notice for the following year and each subsequent year, as outlined above.
In accordance with Bylaw 13.20, the tax abatement will only be applied to municipal portion of your tax notice. It does not apply to the public school portion or the senior’s foundation portion of your tax notice.
If the development is sold within the tax abatement period the incentive will be transferred to the new owner.
Related Documents:
Bylaw 13.20 - Residential Development Incentive Programs
Residential Development Incentive Application Form
Non-Residential Development Incentive Programs
New business developments and/or business expansions may be eligible for property tax exemptions.
The level of Incentive applies to new construction or renovations only (not existing assessment) and will be based on the merits of the development. This includes considerations such as number of employees, anticipated number of net new positions added over the incentive period, cost of development, and percentage of local content (local contractors, services, suppliers & labour).
Council reserves the right to accept or refuse any Incentive Application and to provide a full or partial tax exemption based on the "Return on Investment" over the Incentive period.
If an application is approved, the tax abatement will appear as a credit on your tax notice for the following year and each subsequent year, as outlined above.
In accordance with Bylaw 19.19, the tax abatement will only be applied to municipal portion of your tax notice. It does not apply to the public school portion or the senior’s foundation portion of your tax notice.
If the development is sold within the tax abatement period the incentive will be transferred to the new owner.
Related Documents:
Bylaw 19.19 - Non- Residential Development Incentive Programs
Vacant Building Incentive Program
New businesses that have never had a business license in the Town of Drumheller that utilize existing vacant spaces may be eligible for property tax exemptions.
The incentive is available to businesses that are occupying a commercial space that has been vacant for at least six (6) months.
If approved, the incentive will commence on the date the business opens and will be based on the following schedule:
- First year - 50% tax credit on municipal taxes to a maximum of $2,000
- Second year - 25% tax credit on municipal taxes to a maximum of $1,000
Council reserves the right to accept or refuse any Incentive Application and to provide a full or partial tax exemption based on the "Return on Investment" over the Incentive period.
If an application is approved, the tax abatement will appear as a credit on your tax notice for the following year and the subsequent year, as outlined above.
In accordance with Bylaw 19.19, the tax abatement will only be applied to municipal portion of your tax notice. It does not apply to the public school portion or the senior’s foundation portion of your tax notice.
If the development is sold within the tax abatement period the incentive will be transferred to the new owner.
Related Documents:
Bylaw 19.19 - Non- Residential Development Incentive Programs