Penhold: A Great Place to Call Home
Our vision is to provide a vibrant, thriving and welcoming community while working together to support positive growth to create a safe and healthy environment. Opportunities await for those seeking small town connection with large centre amenities like quality K-12 education, accessible walking trails, playgrounds, including an inclusive accessible playground, splash park and outdoor recreation areas catering to active lifestyles.
The Penhold Regional Multiplex offers a bright, spacious Fitness Centre, indoor walking track, arena, gymnasium and meeting rooms alongside the Town Office and the Penhold and District Library.
Situated on the Multiplex Recreational Lands is a 67-unit, fully serviced RV Park, ball diamond, soccer pitches, and Pump Track/Skate Park. Further development of the area in 2022/2023 will see trails, a concession area, washrooms, gazebo, lighting, and gathering space.
Penhold is a vibrant, family oriented community with a country living feel. From a duplex or townhome to a single family home, your dream home awaits you.
Penhold’s Key Features:
- Abundance of green spaces
- Numerous indoor and outdoor inclusive play and learning areas
- Pre-K to Grade 12 - where every student is engaged in meaningful learning by being challenged, encouraged, and believing in themselves
- A young, vibrant, growing community
The price of your home is less in Penhold versus the price in other communities due to lower lot servicing costs. Your home is still the same quality-built home, and is likely situated on a larger lot.
Doing Business
Our growing commercial sector makes it convenient for residents to shop locally. Local merchants include a grocery store, pharmacy, dentist, veterinary clinic, bank, coffee shops, restaurants, fast food, liquor and cannabis retailers, hardware store, hair salons, car wash and convenience stores.
Centrally located on Highway 2A, minutes off QEII, between Red Deer and Innisfail. Penhold’s growing commercial sector offers a variety of shovel ready sites as well as acres of prime land for development.
Municipal Tax Info
Municipal Tax Rates vs. Tax Amounts in Dollars
Every year municipalities debate and approve their municipal tax rate which is an expression of the amount of property tax charged per $1,000 dollars of assessed property value. This is called the mill rate.
When comparing like size homes, it is very easy to say that the municipal tax rate, (mill rate) is higher, or lower than comparable municipalities, however the TRUE comparison is the total amount of taxes charged for a comparable property in one municipality versus another.
In other words, if you take a benchmark property (for example a new 3-bedroom 1,200 square foot bi-level) in Calgary, Red Deer, Sylvan Lake, or Penhold you will find that total value of taxes collected in each location will be closer than you may initially think. Why? Well, it comes down to the overall property value and how property values are calculated.
The formula used to determine your property tax bill:
Property Tax Bill = (Assessment X Municipal Tax Rate) + (Assessment X Provincial Tax Rate)
We know that the market value of a comparable home in Red Deer is worth more than the same property in Penhold. In some cases, the extra payment that is paid to be in the Red Deer market can be between $60,000 to $100,000, or more depending on the location. When calculating property taxes (and education taxes), the actual dollar value of taxes collected can be lower in Penhold.
Nobody loves paying property tax, or any other tax for that matter. We have worked hard to ensure that our residents pay less tax than the average town in the Province. Further, Penhold invests more funds per capita into recreation/culture focuses than most communities in Alberta.
Welcome to Penhold…a great place to call home!