Important 2021 Dates
|January 1||15% Penalty applied on all outstanding taxes|
|January 21||Assessment Notices Mailed|
|January 29||Notice of Assessment Date|
|January 29 - March 30||60 day review period|
|March 30||Final date to file a complaint|
|May 28||Property Tax Bills mailed|
|June 30||Property tax payments due|
|July 1||7% Penalty applied on all outstanding current taxes|
|October 1||8% Penalty applied on all outstanding current taxes|
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 ($0.92/month) decrease in municipal taxes, or 0.44%. As assessment values vary between individual properties and between communities, most property owners will have tax changes that are either higher or lower than the average.
On the annual property tax bills, the Town also collects provincial education taxes and the Rocky View Foundation requisition to support affordable seniors' housing options.
|Average Single Family Dwelling Taxes||2021||2020||$ in/decrease||% in/decrease
|Municipal Tax Levy||$2,263||$2,274||-$11||-0.44%|
|Education + Rocky View Foundation requisitions||$1,217||$1,214||$3
|Total property tax bill||$3,480||$3,487||-$8||-0.20%|
- What do my taxes pay for?
- What affects my tax bill?
- When are taxes due?
- How and where can I pay my taxes?
- Is there a penalty if I miss the property tax due date?
- Why do I pay school taxes when I don't have children going to school?
- What if there’s a revenue surplus? Will my taxes go down?
- Can I pay my tax bill via a credit card?
- What if I'm paying property taxes as part of my mortgage?
- Why does my assessment say "improved?"
- How can I find the amount I paid in property tax last year?
- How are property assessments and taxes related?
If you recently bought a new home, you may receive a supplementary assessment/tax bill in November.
Supplementary tax bills will be mailed October 21, 2021. Final complaint date is December 28, 2021 and due date is December 31, 2021. You can check details of your account anytime at cochrane.ca/eServices.
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