Condominium Fees: The airport derives most of its funding through condominium fees paid by hangar owners. All the hangar properties are part of a bare-land condominium which means the hangar owners actually own their land and their building. The condominium fees payable by each hangar owner are determined by the size of their property – owners of larger properties will pay more than the owners of smaller properties. Condominium fees have not increased since 2008 and the average annual condominium fee currently stands at $1769 per unit per year (approximately $150 per month).
Property Taxes: Hangar owners are responsible for their own property taxes payable to the County of Strathcona. Property taxes are based on the assessed value of the hangar property (including the building). As such, property taxes vary considerably with the taxes on basic buildings in the range of $1200 per year (approximately $100 per month) and more elaborate buildings on the order of $6000 per year.
Utilities: Hangar owners are responsible for their own utility (gas and electricity) hookups if required. Gas and electricity lines are on-site so owners need only pay the tariffed connection fees established by the service provider.
County Building Permits: Hangar owners are responsible for the cost of all County of Strathcona permits required for construction or renovation of their building.