2017 Property Taxes (to be updated May 2018)
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
|Total property tax bill||$3,373.43||$3,215.97||$157.46||4.90%|
The tax year runs from January to December:
- Property tax bills will be mailed May 30, 2018; payment is due June 29, 2018.
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, 2018, request it by email
- If you would like to make monthly payments instead of one annual payment, please apply to our TIPP Program
Property assessment notices are sent to property owners in February each year.
No, we can not accept property tax payments on credits cards. Check our
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?"
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.
- To register, go to eServices and select Citizen Self Service Register
- Enter your Personal Information and identifying data from your latest utility bill or statement for another Town account.
- 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
If you recently bought a new home or made improvements to your property, you may receive a supplementary assessment / tax bill in November.
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.