Each year, the Town of Canmore reviews how much money it needs to provide high quality services to the residents of Canmore. This budget process allows Council to identify where the money is needed most, and helps determine the budget to meet those needs. As part of this process, Council considers where the money to cover municipal programs and services comes from. Property taxes collected from residential and non-residential properties (including commercial properties) is one of the main revenue sources available for any municipality in Canada to pay for municipal services.
To ensure that all Canmore property owners pay their fair share of property taxes, the Town of Canmore follows the guidelines established by the provincial government and uses a property assessment process.
By legislation, the Town collects only enough taxes to support its programs and services — it cannot collect more, and it cannot collect less.
The Town of Canmore distributes property tax notices in late May every year and asks property owners to pay their taxes in full by the last business day in June to avoid late-payment penalties. Non-receipt of your property tax bill does not exempt you from penalty due to late payment.
As per the pdf Tax Penalty Bylaw (1.45 MB) , a 4.5% penalty is applied on the first day of each month, January, April, July & October against all tax arrears until paid in full. Penalties to current taxes not paid by the due date will be applied on each of the following days: 5% on 2nd business day of July; 6% on 1st business day of August; 7% on 1st business day of September.
Where Do My Taxes Go?
Your municipal taxes pay for services such as paving roads, providing transit, planting trees, maintaining parks, clearing snow, staying safe, improving neighbourhoods, sweeping streets, building recreation facilities, and providing affordable programs and social services that make our community a great place to live. For a breakdown, visit Where Do My Taxes Go?
Need a Tax Certificate? Contact the Property Tax Department