The 2023 Combined Taxation & Property Assessment Notices were mailed out on May 24, 2023.
The Notice of Assessment Date on these notices is June 01, 2023.
The deadline for payment of 2023 property taxes is June 30, 2023.
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).
Town Council by motion passed a resolution to increase residential and non residential property tax rates by 1% in the Regular Council Meeting of 23 January 2023.
Council sets the property tax rates and publishes these each year in the Taxation Rate Bylaw.
The current Taxation Rate Bylaw (05 / 2023) was passed by Council on 23 May 2023.
The property tax rate forms the base from which the total amount of tax a property owner must pay, is determined.
A part of the total property tax collected by the Town is requisitioned by the Alberta Government for the School Foundation Fund.