Taxation

Important 2021 Dates

DateItem
January 115% Penalty applied on all outstanding taxes
January 21Assessment Notices Mailed
January 29Notice of Assessment Date
January 29 - March 3060 day review period
March 30Final date to file a complaint
May 28Property Tax Bills mailed
June 30Property tax payments due
July 17% Penalty applied on all outstanding current taxes
October 18% Penalty applied on all outstanding current taxes
October 21Supplementary Bills Mailed
October 29Supplementary Notice of Assessment Date
October 29 - December 29Supplementary 60 day review period
December 29Final date to file a complaint for Supplementary
December 31Supplementary property tax payments due


Property Assessment and Taxes

Property assessment notices are sent to property owners at the end of January each year.

The property taxes each resident pays is calculated in proportion to the value of the real estate property they own. Determining the value of a property for taxation purposes is known as assessment. Assessed values are a means of fairly distributing the town tax burden and ensuring that each property owner pays a fair and equitable level of tax. Find out how your property assessment is determined.

As assessment values vary between individual properties and between communities, your municipal tax changes may be higher or lower than the average. 

The average residential property saw a decrease in its assessed value to $455,900 from $470,100 and should expect to see a $11 year ($0.92/month) decrease in municipal taxes, or 0.44%. As assessment values vary between individual properties and between communities, most property owners will have tax changes that are either higher or lower than the average.

On the annual property tax bills, the Town also collects provincial education taxes and the Rocky View Foundation requisition to support affordable seniors' housing options. 

TaxPiechart-01


Average Single Family Dwelling Taxes 2021 2020      $ in/decrease % in/decrease
Assessment $455,900 $470,100 -$14,200 -3.02%
Municipal Tax Levy $2,263 $2,274 -$11 -0.44%
Education + Rocky View Foundation requisitions $1,217 $1,214 $3
0.25%
Total property tax bill $3,480 $3,487 -$8  -0.20%

Supplementary Assessment 

If you recently bought a new home, you may receive a supplementary assessment/tax bill in November.

Supplementary tax bills were mailed October 21, 2021. Final complaint date is December 29, 2021 and due date is December 31, 2021. You can check details of your account anytime at cochrane.ca/eServices.

General information

The tax year runs from January to December:

  • Property tax bills will be mailed May 28, 2021.
    Please note: If you own a condominium, you may receive a separate tax bill for your parking stall(s) or storage unit(s).
  • If you do not receive your tax bill by June  15, 2021, please contact us to request it.
  • If you would like to make monthly payments instead of one annual payment, please apply to our TIPP Program

The Town of Cochrane collects funds on your annual tax bill for the Rocky View Foundation (to support Big Hill Seniors Lodge in Cochrane) and the Alberta Education Fund.