On Monday April 24, 2023 Council passed Bylaw 815/2023 which set the Town of Penhold’s Municipal Tax Rates for 2023.
Penhold’s commercial and residential growth in 2022, combined with increased property assessment values, has resulted in additional tax revenue. This increase has resulted in a decrease in the Municipal Tax Rate.
Property Tax Notices and Assessments were mailed Wednesday May 3, 3023 and will be due June 30th, 2022. Anyone who does not receive their Notice by June 1st is asked to call the Town Office at 403-886-4567.
2023 Penhold Tax Rates are as follows:
- Municipal Mill Rate
- Residential 8.100 (Decreased from 8.426)
- Commercial 11.3 (Decreased from 12.0)
- Minimum Tax Rate: $500 (No change)
- School Requisition
- Residential 2.475 (Decrease from 2.56)
- Non-Residential 3.600 (Decrease from 3.672)
- Seniors Requisition
- 0.0180 (Decreased from 0.0188)
- Policing Requisition
- 0.4960 (Increase from 0.3502)
- Designated Industrial Property
- 0.0746 (Decrease from 0.0766)
Alberta Education Property Tax Facts & Info Brochure
Property Tax Information
Property Tax information
The assessed value is used to calculate your property taxes. Any error on your property assessment notice could impact the amount of property tax you are billed. Since tax bills are not disputable, it is important to review your property assessment notice before the appeal deadline.
Market value assessments are prepared utilizing Mass Appraisal. For residential property, assessors collect, review and analyze information from all arms-length real estate sales transactions that occurred over a 12 month period. The quality, size, feature, and age of your home are some of the factors in determining the final value of your property.
Since your property assessment is based on market value, it is affected by market changes caused by supply and demand. Your assessment will also be influenced by improvements or modifications you make to your property.
Tax Payment Information
Property Taxes are due on June 30 of each year.
There are 3 penalty dates for taxes; July 1st, August 1st and September 1st. If there is any outstanding amount on your account before these dates you will receive a 3% penalty to your tax account. If taxes are not paid in full by December 31 there will also be a 12% penalty applied to your taxes. The penalty dates are also found on the back of your Tax Notice.
If your Property Taxes are paid by a mortgage company, the owner is responsible to ensure the taxes are paid by the due date. Be aware of your financial institution's processing times if using internet or telephone banking.
Property Taxes can be paid the following ways:
Online: Payments can be made online through your bank’s online banking or directly through your branch. Your tax roll number is your account number for property tax payments. Please remember to allow time for processing when paying through your bank to avoid penalty.
In Person: Payments can be made at the Town of Penhold Administrative Office on the second floor of the Penhold Regional Multiplex, 1 Waskasoo Avenue, Penhold during regular business hours. The Town Office is open 8:30 a.m. – 4:30 p.m. Monday through Friday, closed daily from 12:00-12:30 p.m. and on all statutory holidays.
By Credit Card Online: Payments can be made by Visa or Master Card using the Option Pay System on the Town’s website. The fees for credit card payments are paid by the card holder, please make sure you enter your roll number in the comments section.
If you are paying with credit card please click on link below:
After Hours Payments: Payments can be put in the night depository located at the entrance of the Town of Penhold Administrative Office on the second floor of the Penhold Regional Multiplex, 1 Waskasoo Avenue, Penhold from 7:00 a.m. to 10:00 p.m. except on staturory holidays.
By Mail: Payments can be made by cheque made out to the Town of Penhold and mailed to Town of Penhold P.O. Box 10, Penhold, AB T0M 1R0. Postdated cheques must be dated on or before the due date indicated on the front of your Tax Notice. Please note, the effective date of payment, for payments mailed to the Town of Penhold, will be the date of the postmark of Canada Post. If the postmark of Canada Post is absent or illegible, the effective date of payment will be the actual date of receipt by the Town of Penhold.
Monthly Tax Installment Payment Plan (TIPP) Tax Payment Plan allows an individual to pay taxes over 12 months; January to December of each year instead of the entire amount being due on June 30th. This is a great opportunity if you do not like big lump sum payments due by June 30th thus saving you from penalties by allowing you to make 12 equal payments.
Tax Installment Payment Plan (TIPP)
Monthly Tax Installment Payment Plan Tax Payment Plan (TIPP) allows an individual to pay taxes over 12 months; January to December of each year instead of the entire amount being due on June 30th. This is a great opportunity if you do not like big lump sum payments due by June 30th thus saving you from penalties by allowing you to make 12 equal payments.
How does TIPP work?
In order to enroll into the Tax Payment plan you must fill out the tax payment plan form accompanied with a void cheque or direct deposit slip. Payment is taken out of your account on the 1st of each month. Your installment amount is calculated by dividing your most recent annual tax levy by 12.
There can be NO outstanding amount on your tax account in order to register into the plan.
TIPP automatically continues year to year unless you request to have it cancelled.
Also note, if any payment is returned to the Town of Penhold for any reason, we reserve the right to withdraw you from the plan and the tax amount would be due on June 30th and subject to any penalties.
If you withdraw from the payment plan after June 30th please ensure that your tax amount is paid in full at time of cancellation otherwise it will be subject to penalties immediately.
Click here to download Tax Payment Plan Pre-Authorization
Change of Bank Information
In the event you need to change your bank account information you MUST notify the Town of Penhold in in writing 15 days prior to the next due date.
Click here to download the Bank account change form
Cancelling from the Tax Payment Plan
If you sell your property, you must notify the Town of Penhold in writing 15 days prior to the 1st of the month to ensure that payment will not be processed through your bank account.
If you are cancelling from the Tax payment plan after June 30th all outstanding amounts become due and payable to the Town of Penhold immediately. If amount is not paid in full at time of the cancellation your tax account will receive the applicable penalties instantaneously after withdrawing.
Click here to download the Cancellation Notice Tax Payment Plan form
For more information please contact the financial coordinator Jennifer at 403-886-3285 or firstname.lastname@example.org
Assessment & Appeals
What is Property Assessment?
Residential property assessment is the process of estimating the market value of your property for municipal and education taxation purposes. Property taxes are calculated as a percentage of the value of the real estate you own.
Mr. Frank Watson of Bow Valley Property Valuators, our municipal assessor, would be receptive to answering questions you may have about your assessment value.
What if I feel my assessment is incorrect?
If, after speaking with the assessor, you feel your assessment does not accurately reflect the market value of your property as of July 1st of the previous year, you may appeal your assessment. Please refer to the reverse side of your Assessment and Tax Notice for details on how to appeal.
What is Market Value?
Market value is the probable price your property could sell for in a competitive and open market, as of a predetermined date. The market value on your Assessment and Tax Notice is based on a legislated valuation date of July 1st of the previous year and reflects the physical condition of your property as of December 31st of the previous year (Section 289(2)(a) of the Municipal Government Act).
Reviewing Assessment Information (Section 299 & 300 of the Municipal Government Act)The Assessment information is typically updated in the month of May each calendar year. The most current information can be found on the Town's GIS Map. Once you access the map and find the lot you are looking for, click on the parcel, a dialogue box will open and then click on 'view additional information'. On the left side of the screen will be a link to the assessment report.
Tax certificates requested from the Town Office are $40.00 and could take up to 24 hours.
Please fax in the request to 403-886-4039 and or email: email@example.com at that time we can invoice you and or if you are paying with a credit card you can pay here.
Local residents requesting a tax certificate please contact the Town Office at 403-886-3285.