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Taxation & Assessment
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2011 Combined Assessment & Taxation Notices
Take notice that pursuant to Section 311(1) of the Municipal Government Act, the 2011 Combined Assessment & Taxation Notices for the Town of Olds will be mailed on May 13, 2011. Any property owner who does not receive his/her Combined Assessment & Taxation Notice should contact Town Office for a copy.The Combined Assessment & Taxation Notice contains important information regarding assessment appeal procedures. Appeals must be postmarked on or before July 12, 2011, and must be accompanied by the applicable fee. The appeal form and other appeal documentation is available in Bylaw 2010-02 "Assessment Review Boards". Any questions regarding 2011 assessments should be directed to K. Greene at 403-507-4807 or email taxation@olds.ca. Regardless of method of payment or delivery, tax payments must be received at Town Office by 4:30 pm MST on Wednesday June 30, 2011 to avoid late penalties. If you require more information, please contact C. McDonald, Director of Corporate Services at 403-507-4810 or email cmcdonald@olds.ca. |
Have a question about property tax or assessment?
Town of Olds Assessor Grant Clark will be at Town Office on June 23 and 24, 2011 to meet with citizens one-on-one who have questions about their Property Assessments. Consultation is by appointment. To make an appointment, contact K. Greene at Town Office, 403.507.4807, or email taxation@olds.ca.
Alternately, you can use the form below to submit your question to the Taxation department. You will receive a response within 3 business days.
- 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.
- With Olds' strong, stable and diversified economy, you can have confidence that your home or property purchase is a sound investment. If you have any questions about your taxes or to request information on your property, contact our Taxation Department.
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- Click here to view a sample Taxation & Assessment Notice.
- 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.
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- Click here for information on joining 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.
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- Click here for information on the Appeal Process for Assessments.
- 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:
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- Total Municipal Levy - this amount is paid directly to the municipality (Town of Olds) and pays for municipal infrastructure, facilities, services and programs.
- 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.
- 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.
- Tax Mill Rate
- For information on Tax Rate Bylaws ...
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- You have until 30 June to pay your current taxes without penalty. Penalties are incurred at various times of the year on the outstanding balance of both Current and Arrears Taxes.
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