Town of Canmore

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.

Taxation Rates for 2020
Rate of Taxation Bylaw
  Residential &
Tourist Home - Personal Use
 Non Residential  Tourist Home  Vacant Serviced Land
 Municipal 2.19787 6.73677 6.37382 2.19787
 School Support 2.47858 3.33326 2.47858 2.47858
 BVRH* 0.11515 0.11515 0.11515 0.11515
 PAH** 0.05209 0.27864 0.05209 0.05209
 Total Mill Rate 4.84368 10.46382 9.01963 4.84368

* 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 (683 KB)

Comparing Canmore's Municipal Taxes to Neighbouring Communities

We regularly monitor the tax rates in other municipalities. The intent of the Town of Canmore Property Tax Policy is to target a residential:non-residential tax share split in line with the average of similar communities. As you can see in the charts below, Canmore's municipal taxes remain lower than the average taxes per dwelling of many of our neighbours.

We compare taxes based on the number dwellings being taxed, rather than per capita, since we have such a large, non-permanent population, and it is difficult to determine the number of non-permanent residents. Therefore, the per capita calculation did not result in a clear comparison.

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