The 2024 Combined Taxation & Property Assessment Notices were mailed out on May 14, 2024.
The Notice of Assessment Date on these notices is Wednesday May 22, 2024.
The deadline for submitting a complaint was Monday July 22, 2024.
The deadline for payment of 2024 property taxes was June 30, 2024.
Property taxes raise revenue to fund and maintain Town services, facilities, and infrastructure.
The annual Taxation Notice (invoice) covers the period from January 1st through to December 31st each year.
Revenues from Property Tax payments fund the Town's Operating and Capital Budget (to provide for Town services and investment in infrastructure).
During the Regular Council Meeting held on January 13, 2025, Town Council approval the 2025 Operating Budget.
Within this budget there was a 1% increase in municipal tax revenues for 2025 (2024 actual v 2025 budget).
Council sets the property tax rates and publishes these each year in the Taxation Rate Bylaw.
The current Taxation Rate Bylaw (04 / 2024) was approved by Council resolution during the RCM of 13 May, 2024.
A revised bylaw will be passed in May 2025.
The Combined Taxation & Property Assessment includes the total amount of municipal tax a property owner must pay based on the property assessment value and the applicable tax rate.
In addition the Town collects Provincial requisitions for Education & Policing.