Your annual property tax bill covers the period of January 1 to December 31. The Town of Olds mails combined Property Assessment and Taxation notices mid-May of each year.
Non-Residential Tax Incentive Program
Beginning February 1, 2023, eligible businesses may apply to this program. Eligibility criteria include:
- Growth in municipal property assessment of a building by at least $100,000
- Employ at least 2 full time people (or equivalent)
- SUBMITTING AN APPLICATION FORM FOR APPROVAL.
Important Dates to remember:
|Mid-May||Property Assessment and Taxation notices are mailed|
|June 30||Property Taxes are Due|
|60 days from Notice of Assessment Date||Assessment Complaint Deadline|
|July 1||5% Penalty on any Current unpaid Taxes|
|September 1||5% Penalty on any Current unpaid Taxes|
|November 1||5% Penalty on any Current unpaid Taxes|
|January 1||Any unpaid taxes become Arrears|
|1st day of each month||1.25% Penalty on Arrears|