Your Olds tax bill includes a school levy that is paid to the Province of Alberta, for maintenance and development of the public school system. The amount of School funds paid by each municipality is based on population and the tax base. All municipalities must collect and forward these funds to the Province.
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Taxation and Assessment

Contact - Taxation Department

Taxes are due on 30 June annually. Payment may be made by cash, money order, personal cheque, bank draft, debit card or anytime banking (check with your bank), payable to Town of Olds. You may pay your taxes in person at Town Office, at most financial institutions, and if by mail, the effective date of payment will be the date of the postmark of Canada Post Corporation.

Take notice that pursuant to Section 311(1) of the Municipal Government Act, the 2017 Combined Assessment & Taxation Notices for the Town of Olds was mailed on May 15, 2017.

If you prefer not to pay your taxes in one lump sum by 30 June, why not take advantage of our Monthly Tax Plan, where you can pay your taxes in monthly installments.

  • Join our Monthly Tax Payment Plan (MTPP).
    Assessments on properties within town limits are done in January and February by our contract Property Assessors. Your home or property is assessed at Market Value (+/- 10%). Town Council meets in April or May each year to set the municipal Residential and Commercial Taxation Rates for the current year. Council sets the municipal Tax Rates based on Town budget requirements for the current year.

Information on the Appeal Process for Assessments
Assessments on properties within town limits are done in January and February by our contract Property Assessors. Your home or property is assessed at Market Value (+/- 10%). Town Council meets in April or May each year to set the municipal Residential and Commercial Taxation Rates for the current year. Council sets the municipal Tax Rates based on Town budget requirements for the current year.

Your municipal taxes are calculated using the following formula: Assessment x Municipal Tax Rate = Property Taxes

The tax amount on your Assessment & Tax Notice is for taxes levied from January to December of the current year. Your Assessment & Tax Notice includes three separate tax levies taxed at different rates that make up your Total Property Taxes:

  1. Total Municipal Levy - this amount is paid directly to the municipality (Town of Olds) and pays for municipal infrastructure, facilities, services and programs.
  2. Total School Levy - this amount is collected by the Town of Olds and paid directly to the Province of Alberta, for maintenance and development of the public school system. The amount of School funds paid by each municipality is based on population and the tax base. All municipalities must collect and forward these funds to the Province.
  3. Senior Housing - this amount is collected by the Town of Olds and paid directly to the Mountain View Seniors Housing Foundation, and helps pay for senior housing in our area. All municipalities must collect and forward these funds.

Assessment Information Request
As a property owner, you are entitled to see or receive sufficient information about your property and a summary of any assessment in accordance with sections 299 and 300 of the Municipal Government Act.

As a service to our ratepayers, we provide a number of online features and services to assist you in learning about your assessment.

  1. Reviewing Your Assessment Notice – You can review your combined assessment and taxation notice to ensure:
    • Your name, address and school support are correct.
    • The property classification (residential, farmland, non-residential) correctly describes your property.
  2. Property Search - This search allows you to view basic assessment information relating to any residential property in the Town. You may compare your assessment to the assessments of other properties similar in size, age, quality, condition and location.
  3. Speak with our Assessor – If you require further clarification on your assessment value, please call the Town of Olds assessor, Grant Clark at 888-419-2128 or fill out an assessment inquiry request here.
  4. If after completing the above steps you still feel the information provided is not sufficient, a 299 or 300 request can be made in writing directly to the Assessment and Taxation department.

2017 Taxation Rate Bylaw 2017-10
2016 Taxation Rate Bylaw 2016-08
2015 Taxation Rate Bylaw 2015-11
2014 Taxation Rate Bylaw 2014-09
2013 Taxation Rate Bylaw 2013-04

Tax Penalties Bylaw 2016-17

© TOWN OF OLDS
4512 - 46 Street, Olds, Alberta, Canada, T4H 1R5 ... Phone: 403-556-6981 ... Fax: 403-556-6537 ... E-Mail: admin@olds.ca
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