Taxation

Property Assessment and Taxes

Property assessment notices are sent to property owners in February 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. 

See a sample tax bill

The municipal tax portion of the property tax bill will increase by 2.78% on the average single-family home, assessed at $479,900. Actual property tax amounts will vary depending on assessed value. This will result in an increase of $5.08 in municipal property taxes per month on the average single-family home. (see chart).

On the annual property tax bills, the Town also collects provincial education taxes and the Rocky View Foundation requisition to support the Big Hill Seniors Lodge. As a result of the recent election, the Province has not yet provided the requisition amount for education taxes. This amount will be provided to Alberta municipalities in the fall. Any required corrections will be reflected in the 2020 education taxes amount.

  2019 2018      $ increase % increase
Average single family dwelling assessment:
$479,900
       
Municipal tax levy $2,251 $2,190 $61 2.78%
Education + Rocky View Foundation requisitions $1,232 $1,232 $0
0%
Total property tax bill $3,483 $3,422 $61 1.78%

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 24, 2019. Due date and final complaint date is December 31, 2019. You can check details of your account anytime at cochrane.ca/eServices.

General information

The tax year runs from January to December:

  • Property tax bills will be mailed May 29, 2019; payment is due June 28, 2019.
    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, 2019, 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

The Town of Cochrane collects funds on your annual tax bill for the Rocky View Foundation (to support Big Hill Seniors Lodge in Cochrane) and the Alberta Education Fund.