Penhold town council approves 2025 property tax rates, pushes forward on public services building

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On behalf of the province, the town also collects taxes for:

143 in March

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fraud, id theft, and extortion

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• Education: increase to 2.526 per cent of assessed value (residential)
• Education: increase to 3.778 per cent of assessed value (commercial)
• Policing: decrease to 0.374 per cent of assessed value

“It is unfortunate the provincial requisitions have increased considerably, however, we as a council and administrative team have worked diligently to bring forward a balanced budget while providing a high level of services within our community,” Yargeau said.

Penhold property owners can sign up for the new e-billing option and receive their 2025 Municipal Tax Notice and Assessment online, or paper copies will be mailed in early May.

In the same meeting, council unanimously decided to move forward with constructing a new public services and fire hall building as planned, despite the tariffs imposed by U.S. President Donald Trump.

While the town has made switches to source materials from Canada wherever possible, some still need to come from the U.S. The tariffs imposed on these materials have increased the cost of the project by $200,000, Yargeau said.

Thankfully, the project’s original budget included a $250,000 contingency buffer.

“We’re still in a good spot. This does not by any means put the project at risk or in a bad position, it’s just something we had to adjust for and accommodate,” the Mayor said.

He added, given the investments already made into the project, it would cost the town more to walk away and try again in the future, rather than push forward now.

On the positive side, the municipality is benefitting from lower interest rates caused by the economic tension, as they have fallen since the project began, and the town still needs to borrow funds to complete it.

Construction for the new public services and fire hall building should start this spring.

Related: Town of Penhold to begin construction of new public services building in 2025