Okotoks property owners can expect their 2026 property assessment notice in their mailbox following the January 12 mailing date. Property assessments are based on market conditions as of July 1, 2025, and the physical conditions of the property as of December 31, 2025. Property assessment is an annual, legislated process used across all Alberta municipalities to determine each property’s fair share of the community tax pie.
2026 assessment findings
Okotoks continues to be a great place to live and work, with property values still rising due to strong home sales and steady demand. This year, the average residential assessment in Okotoks increased by 10%. For context, the average increase for residential properties was 14% in 2025 and 20% in 2024.
- The average non-residential assessment was flat overall, but there was growth in certain segments.
- The majority of property owners saw their home’s assessment rise between five and 10% this year, which means their property tax increase will be in line with the municipal tax increase of four percent.
- About 94% of all single-family residential properties were assessed with an increase under 15%, with most clustered around the 10% average.
- The average residential single-family property in Okotoks is now assessed at $730,900, up from the average 2025 assessment of $670,500. While this is the average, some properties will be assessed above or below this change.
"We want residents to understand that a 10% increase in their property assessment does not equate to a 10% increase in their property tax bill," said Elaine Vincent, Chief Administrative Officer. “Property owners can compare their assessed values between this year and last year—if it's in that 10% range, then you know your home’s value grew just like the market grew. This means your tax increase will be roughly in line with the 2026 municipal tax increase of 4 percent that was approved by Council.”
To help property owners understand their assessment, they can compare their 2026 assessed value and similar neighbouring properties, using the free Property Search tool on our Okotoks Virtual Town Hall.
Annual property assessments ensure each property owner supports both their fair share of municipal property taxes as well as provincial education taxes. A significant amount of property taxes collected by the Town—approximately 33%, are forwarded directly to the Province to support education.
