Taxation
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, including:
- parks, playgrounds and pathways
- protective services such as police and fire protection
- year-round roadway maintenance, including street sweeping and snow clearing
- and much, much more!
Alberta Land Titles DelaysDue to processing delays at the Province of Alberta Land Titles Office, if your property was purchased in 2022, ownership and mailing address changes may not be reflected on the property tax bills mailed in May. Property Owners that have not received your property tax bill, please email taxes@cochrane.ca. If you moved, purchased or built a home, connect with the Town of Cochrane to pay your property taxes before September 30 to avoid a penalty on October 1, 2022. Non- receipt of the Cochrane property tax bill does not exempt homeowners from late payment penalties. |
UPDATE: PROPERTY TAX PENALTIES Due to processing delays at Alberta Land Titles, some homeowners may not have received their property tax bill before the June 30 payment deadline. The Govt of AB recently announced that homeowners who recently purchased a property, did not receive a tax notice, and paid a late payment penalty, may be eligible for reimbursement from the Govt of AB. Find out more: Property tax late penalty reimbursement | Alberta.ca |
Thank you to The City of Red Deer for providing use of this video for Cochrane.
Property tax bills will be mailed May 30 and due June 30.
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).
2022 Property Assessment and Tax Allocation
The average residential property saw an increase in assessed value – from $455,900 to $495,700 – and will experience a $224/year or $18/month increase in municipal taxes. 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. This reflects a 6.75% tax increase.
Of the residential property taxes collected, 66.9% supports municipal funding, 32.5% 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 | 2022 | 2021 | $ in/decrease | % in/decrease |
---|---|---|---|---|
Assessment | $495,700 | $455,900 | $39,800 | 8.73% |
Municipal Tax Levy | $2,487 | $2,263 | $223 | 9.85% |
Education + Rocky View Foundation requisitions | $1,228 | $1,217 | $11 |
0.90% |
Total property tax bill | $3,715 | $3,480 | $235 | 6.75% |
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.
Important Dates 2023 | |
---|---|
Jan 1 | 15% penalty applied on all outstanding taxes |
Jan 20 | Assessment Notices mailed |
Jan 30 | Notice of Assessment Date |
Jan 30 - Mar 31 | 60-day review period |
Mar 31 | Assessment final complaint deadline |
May 30 | Property tax bills are mailed |
June 30 | Property tax payments due |
July 1 | 7% penalty applied on all outstanding current taxes |
Oct 1 | 8% penalty applied on all outstanding current taxes |
Oct 20 | Supplementary bills mailed |
Oct 30 | Supplementary Notice of Assessment Date (for newly constructed homes) |
Oct 30 - Dec 29 | Supplementary 60-day review period |
Dec 29 | Supplementary tax assessment appeal deadline |
Dec 31 | Supplementary property tax payments due |
Contact Us
-
RancheHouse
101 RancheHouse Road
Hours
Monday - Friday
8:30am-4:30pmContact form
Ph: 403-851-2288
- How do I update my mailing address?
- Why does my assessment say "improved?"
- Why did I receive a tax bill or assessment notice when I sold the property?
- How do I update my school support declaration?
- How can I get another copy of my tax bill or assessment notice?
- How do I view historical assessment values for my property?
- How and where can I pay my taxes?
- How are property assessments and taxes related?
- When are taxes due?
- What affects my tax bill?
- What do my taxes pay for?
- Why do I pay school taxes when I don't have children going to school?