Cochrane Town Council passed a motion this week aimed at helping alleviate some of the pressures property owners are facing by extending the tax payment deadline to September 30 from June 30.
"We know that many residents are facing unprecedented financial challenges and uncertainty as a result of COVID-19,” says Mayor Genung. “Yesterday’s announcement about the Alberta economy slowing reopening is encouraging and we hope deferring the payment of property taxes will give residents a bit of breathing room.”
Earlier this month the Province announced a freeze to education taxes at last year’s level and a six-month deferral on education tax payment for businesses from April to September. The Province asked municipalities to explore similar tax relief options.
“We are working closely with other levels of government on further tools and supports for residents and businesses impacted by COVID-19,” added Mayor Genung.
Town Council has approved additional measures to ease the financial burden on residents and businesses. Residents who may be unable to pay their Town utility bills on time now have until August 20, if needed. And Council has established a Social Recovery and Economic Recovery Task Force supported by a blue ribbon panel of community leaders. The panels have been tasked with ensuring Cochrane is positioned to identify and leverage opportunities to kick start our local recovery.
The Economic Recovery Task Force focuses on collaboration with local business, community organizations and higher levels of government to create opportunities to support Cochrane’s economy. The Social Recovery Task Force sees collaboration with local support agencies and other levels of government to support municipal staff and our community’s most vulnerable, creating opportunities to enhance well-being, safety and resilience through our community response and recovery.
Town Administration is encouraging property owners not undergoing financial stress to continue to please pay their taxes on June 30 or continue their regular payments through TIPP. This will avoid larger payments later in the year and support essential Town services.
Council will deliberate final tax rates and the Tax Rate Bylaw in early June. Taxpayers can discuss payment arrangements by contacting Taxation at 403-851-2500. To change TIPP options, please send requests through cochrane.ca/TIPP
For more on the Town’s COVID-19 response and links to more information and support, check cochrane.ca/COVID-19.