The assessment process establishes the value of a property in relation to similar properties. The purpose of property assessment is to distribute the property tax fairly among property owners in a municipality. The assessment of a property does not in itself generate property taxes. Property taxes are generated when the tax rate, established by the municipality, is applied to the assessed value of your property. Your municipality sets its tax rate based on the amount of revenue it needs for local programs and services. The property tax bill also includes a school tax, which is collected by the municipality and then submitted to the province.
Timelines: The Municipality receives its annual assessments from the assessment contractor by the end of February each year. Council usually passes the mill rate bylaw (which sets the tax rates for the current tax year) in early April. Assessment and tax notices are mailed by the end of April at the latest.
Taxes are due by June 1st of each year.
Beginning June 2, 1% penalty is added to any outstanding property taxes at the beginning of each month, with a 10% penalty being added if still unpaid by the following January 15. Effective 2010, assessment complaints must be filed within 60 days of the date on the Assessment Notice.
Assessment Complaints: Assessment complaints cannot be filed about the tax rate. If you do not agree with your assessment, contact the M.D. of Peace office at 780-338-3845 or KCL Consulting Inc. at 1-888-419-2128 to make sure that the assessment details of your property are correct.
If after reviewing the information about your property and any comparative properties, and you are still unable to come to an agreement about your assessment with the assessor, you can file a complaint with the Municipal District of Peace Assessment Review Board Clerk at the Municipal Office in Berwyn. A copy of the Assessment Complaint Form can be accessed here.
ARB Complaint Form
Seniors Property Tax Deferral Program: The Seniors Property Tax Deferral program allows eligible senior homeowners to defer all or part of their property taxes through a low-interest home equity loan from the Alberta govenment. If you qualify, the Alberta government will pay all or part of your property taxes on your behalf through a low-interest loan that is secured against your home equity. You then repay the loan with interest when you sell your house, are no longer eligible, or at any time you choose. The Seniors Property Tax Deferral program is voluntary and homeowners must apply.
Eligibility: To be eligible for the Seniors Property Tax Deferral program, you must be an Alberta resident (65 or older); own a residential property in Alberta; and have a minimum of 25% equity in your home.
Application forms are available at the M.D. of Peace office or by visiting http://alberta.ca/health.cfm