Tax Rates
Tax Rate Information
The Town collects just enough property taxes to cover operating budget requirements, the provincial education tax requisition, and the seniors requisition. To determine the tax rate - or mill rate - administration calculates how much of the total is to be collected from residential and non-residential properties (the split), then divides these amounts by the total assessed value for each property classification.
Property Tax Rates are set by Council in May annually. Property Tax Notices for the current taxation year (January 1 - December 31) are mailed in late May. Property Taxes are traditionally due on the last business day of June. Review your Annual Property Tax Notice to confirm the due date for the current year.
* Bow Valley Regional Housing (BVRH) ** PAH - Perpetually Affordable Housing To calculate your levy amount: Assessed Property Value X Total Mill Rate / 1000 = Tax Levy Previous Rates: pdf Mill Rates Chart 2014 - present (456 KB) |
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