|March 7, 2019
||Property Assessment Notices Mailed
|May 14, 2019
||Complaint Due Date
|Last week of May
||Annual Tax Notices Mailed
|June 28, 2019
Property taxes are due on the last business day of June, annually. Non-receipt of your property tax bill does not exempt you from penalty due to late payment.
LATE PAYMENT PENALTY:
• As per the Tax Penalty Bylaw 2016-20, 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.
TITLED PARKING UNITS:
• As per direction from the Provincial Government, Titled Parking units are assessed and taxed separately from the living unit. Separate assessment notices and tax notices are issued. Please note that this tax is a separate amount and therefore not included in the monthly payment plan for those that are currently enrolled in the Tax Installment Payment Plan (TIPP) for the living unit. Should you wish to enroll on an automatic withdrawal program for the annual payment, please contact the Property Tax Department for the one-time annual debit agreement. Due to the relatively low levy for Titled Parking Units, the monthly debit plan is not available for parking stalls.
Where Do My Taxes Go?
Your municipal property tax is the Town's primary and most consistent form of revenue. Your municipal taxes pay for services such as police, emergency services, street maintenance, recreation facilities, social services, planning services, municipal administration and Council costs.
The distribution of your 2018 property taxes was as follows:
All property owners whether they have children or not, are required to pay education taxes. The Town of Canmore collects education taxes on behalf of the Alberta School Foundation Fund (ASFF) but has no jurisdiction over setting the tax rate for school taxes. For more information on Provincial Education Taxes call 310-0000 toll free and ask for 780-422-7125.
The ‘declaration of faith’ school support document is an affiliation of faith. Your declaration will appear on your tax account as well as your Notice of Assessment and Annual Tax Notice. All school funds are distributed from the pooled amounts collected by the Province and are based on school enrollment.
If a declaration of faith is not received, your property will default to 'Undeclared'.
Bow Valley Regional Housing (BVRH)
The BVRH requisition is for the Seniors Public Supportive living accommodations in the Bow Valley and is supported by the Town of Canmore, ID#9 (Banff Park), Town of Banff, Kananaskis Improvement District and the M.D. of Bighorn. This requisition is paid by all property owners including Seniors.
Perpetually Affordable Housing (PAH)
The purpose of collecting the PAH (Perpetually Affordable Housing) contribution is to accumulate capital funds for the purchase of land and construction of PAH units. The construction and supply of PAH units is intended to address the affordable housing demand of Canmore residents unable to purchase or rent accommodation on the open market.