Tax Information

Calculating Property Tax



The tax rate is set based on the amount of revenue needed for the Town's budget. Your assessed property value, Alberta School Requisition Fund (School) and Seniors Requisition Fund (Seniors) are all added to equal your total property taxes for the year.


 Taxes Required for Municipality + School  + Seniors =  TOTAL TAXES TO BE PAID 



 Total Taxes to Be Paid  / Total Property Assessments = TAX Rate x 1000  = MILL RATE 




 Individual Assessed Property Value   x   Mill Rate/1000  = TAXES OWED 





 Municipal Tax Rate    
 Mill Rate 2018  2017
 Residential  11.3050   10.9945
 Non-Residential  16.5670   15.9870

All Property Taxes were due on June 30, 2018*.  
*All unpaid 2018 property taxes are subject to a 9% penalty on July 1st, 2018.
Any outstanding balance on a tax account unpaid by January 1st ,2019 is subject to an additional 18% penalty.



The majority of revenue the town receives is through municipal taxes. Here's the breakdown for this year:
Breakdown of Revenue Sources
 

Property Assessments


In Alberta, property assessments are based on the market value of your property.  Market value is the price a property might reasonably sell for inadequate time and exposure to the housing market.  There are characteristics of your property that are taken into consideration during the assessment such as size, type, location, style, condition, lot size, and upgrades.


Disagree with your property assessment?

**Please note that taxes cannot be disputed, but assessments can***
All property owners are entitled to information regarding the assessment of their property.  If you have any concerns or questions regarding your assessment, book an appointment with the Town's assessor.  The Town of Nanton is required to use a third party assessor, as mandated by the Municipal Government Act. We use Benchmark Assessment Consultants Inc.

To book your appointment, contact Benchmark Assessment Consultants at toll-free at 1-800-633-9012.
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If you are still not satisfied with your assessment, you have the right to file a complaint to the Assessment Review Board Clerk at the Town Office. Please note, property owners have 60 days for the date of the Tax Notice to file a complaint.  The appeal deadline for the 2018 Property Assessment is July 23, 2018.

Assessment Review Board Complaint Form


TIPP (Tax Installment Payment Plan)

Struggling to make your annual tax payment in June? The TIPP may be a wonderful alternative for you. We debit your bank account in twelve equal monthly installments so you don't have to save up for your taxes every year. 

Application and further information is available to download in the right column on this page. The TIPP program is governed by the TIPP bylaw.

Seniors Property Tax Deferral Program

 
Eligible seniors in Alberta may apply for the Seniors Property Tax Deferral (SPTD) to defer all or part of their annual property taxes through a low-interest how equity loan. If you would like more information, please contact Ministry of Seniors at 1-877-644-9992 or visit them at www.seniors-housing.alberta.ca.

Community Organization Property Tax Exemption (COPTER)

Non-profit community organizations who own land or lease property can apply for tax exception through COPTER. The work of the organization must demonstrate a meaningful benefit to the community. For further information, click on the Community Organization Property Tax Exception Regulations link on the right margin. COPTER applications must be submitted by September 30th prior to the next taxation year and are approved by Council; see right margin for a link to the application. For more information please call the Town Office 403-646-2029, or drop by.