Taxation

Thank you to The City of Red Deer for providing use of this video for Cochrane.

Property taxes support services and amenities that advance Cochrane's quality of life.

Where do your taxes go?

Your property tax contributes to municipal services, provincial education, and seniors' affordable housing. The municipal portion of your property taxes funds a variety of services that Cochrane residents rely on. Every dollar contributed to municipal services funds: 

Cochrane - Value for Dollar 2023


Property tax bills will be mailed May 30 and due June 30.  

Due to processing delays at the Province of Alberta Land Titles Office, if you do not receive a property tax bill by June 7, contact taxes@cochrane.ca. 

Break up your bill with Cochrane's TIPP (Tax Installment monthly Payment Plan) or learn more about available payment methods.

Please note: If you own a condominium, you may receive a separate tax bill for your parking stall(s) or storage unit(s).

2023 Property Assessment and Tax Allocation

This year, the average residential single-family assessment increased by 13.21%, up from $495,700 in 2022 to $561,200 in 2023. With a 3.85% tax increase, the average residential property will see an increase of $96/year ($8/month) in municipal taxes and $47/year ($3.92/month) in Provincial education and seniors’ housing taxes, totaling $143/year. As assessment values vary between individual properties and between neighbourhoods, most property owners will have tax changes that are either higher or lower than the average.Tax Distribution 2023-02

Of the residential property taxes collected, 67.1% supports municipal funding, 32.3% supports Provincial education (Alberta Education Fund), and 0.6% supports the Rocky View Foundation (to support Big Hill Seniors Lodge in Cochrane. 

Thank you to The City of Red Deer for providing use of this video for Cochrane.

Average Single Family Dwelling Taxes 2023 2022      $ in/decrease % in/decrease
Assessment $561,200 $495,700 $65,500 13.21%
Municipal Tax Levy $2,583 $2,487 $96 3.86%
Education + Rocky View Foundation requisitions $1,275 $1,228 $47
 3.83%
Total property tax bill $3,858 $3,715 $143 3.85%

Alberta Land Titles Delays

 

Due to processing delays at the Province of Alberta Land Titles Office, if your property was purchased in 2023, ownership and mailing address changes may not be reflected on the property tax bills mailed in May. Property Owners that have not received a property tax bill by June 7, please email taxes@cochrane.ca, to avoid a penalty on July 1, 2023.

Non- receipt of the Cochrane property tax bill does not exempt homeowners from late payment penalties.

Artboard 6 copy 3

Property Assessment and Taxes

The tax year runs from January to December. 

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. 

Supplementary Assessment 

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

Supplementary tax bills will be mailed October 20, 2023. Final complaint date is December 29, 2023 and due date is December 31, 2023. You can check details of your account anytime at cochrane.ca/eServices.