Taxation

2017 Property taxes

Residential properties with a 3.6% decrease in assessed value will have a 0.83% increase in municipal property taxes. As assessment values vary between individual properties and between communities, your municipal tax changes may be higher or lower than the average.

The 2017 municipal residential property tax rate of .00442 on assessed value of $481,410 (average assessment) results in municipal taxes of $2,126.58 (see chart).

Education requisitions are based on Cochrane's equalized assessment which uses assessment values from two years ago. Education requisitions from the province increased 15% from $12,102,770 to $13,912,757, as a result of our high growth and the province's increase in the education budget. As the education portion of the property tax bill is 36% of the total property bill, the increase in total property taxes on the average bill is estimated at 4.9% even with a 0.83% municipal increase.

	2017	2016	$ increase	% increase
Average single family dwelling assessment: $481,410, down 3.6% from 2016
Municipal tax levy	$2,126.58	$2,109.08	$17.50	0.83%
Education + Rocky View Foundation requisitions	$1,246.85	$1,106.89	$139.96	12.64%
Total property tax bill	$3,373.43	$3,215.97	$157.46	4.90%

See a sample tax bill

General information

The tax year runs from January to December:

Property tax bills are mailed May 31; payment is due June 30.
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 14, request it by email
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.

Property assessment notices are sent to property owners in February each year.

Can I pay my tax bill via a credit card?

No, we can not accept property tax payments on credits cards. Check our Methods of Payment page for all the ways you can pay your property tax bill.

Mortgage company payments

If you are paying principal, interest and taxes (PIT) to your mortgage company, you will receive the original tax bill for your records and the mortgage company will receive an invoice for your taxes. Your tax bill will show the name of the company we are invoicing.

If you believe you are paying PIT and the mortgage company name does not appear on the bill, contact your mortgage company immediately.

If a mortgage company is indicated on your bill and this firm is no longer responsible for your tax payments, you are responsible for paying the bill.

Why does my assessment say "improved?"

Single family homes are described on tax bills as “Res Single Family Improved,” which means your property has an improvement on it from a bare lot — your house. It does not indicate an improvement to your home from last year; it’s a way to differentiate between properties with buildings and those without buildings.

Looking for the amount you paid in property tax last year?

It’s here on the Town website!

Go to eServices
If you know your Access Code and Password, select Citizen Self Service Login

Don't know or don’t have an Access Code and Password?

No problem. You can register and access your information immediately. All you need is your recent Assessment Notice or Tax Bill. Look for your Access Code at the top of the page.

To register, go to eServices and select Citizen Self Service Register
Enter your Access Code and Account Number (also on your Assessment Notice or Tax Bill)
Submit
Complete the information in the Registration Form
Follow the instructions in the email to complete your registration

Note: Keep your Access Code handy. You’ll need it to log in once your registration is complete.

To find your property tax total:

Go to eServices
Select Citizen Self Service Login
Log in to your account
Select Property Tax
Select Transactions to view payments
Log off

Supplementary Assessment

If you recently bought a new home or made improvements to your property, you may receive a supplementary assessment / tax bill in November.

General Information

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.