Community & Ecomonic Profile - Town of Drayton Valley
Community & Ecomonic Profile - Town of Drayton Valley
Community & Ecomonic Profile - Town of Drayton Valley
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Building & Development<br />
Tax Rates<br />
Residential (year)<br />
Non-Residential/<br />
Farmland (year)<br />
2006 2005 2005 2005<br />
Municipal 7.1744 6.967 16.272 15.800<br />
Education ASFF 3.4617 4.2799 5.7419 6.2037<br />
Education<br />
Opted Out<br />
3.4617 4.2799 5.7419 6.2037<br />
Seniors Lodge<br />
Accommodation<br />
.0998 0.110 .0998 0.110<br />
Mill Rate 10.7359 11.357 22.1137 22.114<br />
SOURCE: <strong>Town</strong> <strong>of</strong> <strong>Drayton</strong> <strong>Valley</strong>, Corporate Services 2006<br />
Total Building Permit Values 2001 2002 2003 2004 2005<br />
Commercial $3,190,909 $4,247,363 $2,745,520 $12,730,201 $9,020,149<br />
Industrial $30,600 $23,000 $3,000 $1,828,000 $304,977<br />
Institutional $375,000 $1,468,322 $560,161 $2,281,900 $30,000<br />
Residential $2,477,200 $7,837,505 $4,999,900 $9,515,000 $16,874,610<br />
Total $6,073,709 $13,576,190 $8,308,581 $26,326,801 $26,199,743<br />
Total housing starts 40 67 61 82 90<br />
SOURCE: <strong>Town</strong> <strong>of</strong> <strong>Drayton</strong> <strong>Valley</strong> Planning & Development, 2006<br />
24<br />
Average Residential Building Costs<br />
New home construction $210 - 230/sqft<br />
Average Leasing Costs<br />
Industrial building lease $10 - 12/sqft + triple net<br />
Commercial building lease $16 - 20/sqft + triple net<br />
Average Commercial Land Costs<br />
Industrial land $200,000/acre<br />
Rural highway commercial land $250,000/acre<br />
Urban commercial land $250,000—$275,000/acre<br />
Average Residential Land Costs<br />
Rural Residential acreage $300,00—$350,000/acre<br />
Urban Residential lot $75,000—$100,000/lot<br />
For Development Permit Information and Fees<br />
please call the <strong>Town</strong> Office at 780-514-2200<br />
DRAYTON VALLEY ECONOMIC & COMMUNITY PROFILE<br />
www.draytonvalley.ca
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