Penhold Town Council approved the 2025 Budget during their regular meeting on Monday, April 14, 2025. In November 2024, Council supported a 3% municipal tax increase to help keep up with the rising cost of services and operations.
The 2025 Penhold Residential tax rate is 7.83% and the Commercial Tax Rate is 11.85%.
What this means for property owners:
- Property values in Penhold have increased, which means even though the tax rate (mill rate) has gone down, most residents won’t notice a decrease on their tax bill.
- The Town also collects taxes on behalf of the Province of Alberta for:
- Education: increase to 2.526% of assessed value (residential)
- Education: increase to 3.778 % of assessed value (commercial)
- Seniors (Parkland Foundation): increase to 0.0288% of assessed value
- Policing: decrease to 0.374% of assessed value
Click here to view the 2025 Budget Presentation
Click here to view the 2026-2035 10 Year Capital Plan
| Municipal Mill Rate | 2025 | 2024 | 2023 | 2022 |
| Residential | 7.830 | 8.100 | 8.100 | 8.426 |
| Commercial | 11.85 | 12.00 | 11.3 | 12.00 |
| Minimum Tax Rate | $500.00 | $500 | $500 | $500 |
| School Requisition | ||||
| Residential | 2.526 | 2.448 | 2.475 | 2.56 |
| Non-Residential | 3.778 | 3.700 | 3.600 | 3.672 |
| Seniors Requisition | 0.0288 | 0.0283 | 0.0180 | 0.0188 |
| Policing Requisition | 0.374 | 0.5075 | 0.4960 | 0.3502 |
| Designated Industrial Property | 0.0765 | 0.0746 | 0.0746 | 0.00766 |
Property Tax Notices and Assessments will be mailed in early May and will be due June 30. Anyone who does not receive their Notice by June 1 is asked to call the Town Office at 403-886-4567.
Property Tax E-Billing Set-Up Guide
Property Tax Information
Understanding Your Property Assessment and Taxes
Your property assessment is the value the municipality uses to calculate your property taxes. Because of this, the information on your property assessment notice must be correct.
In Alberta, you cannot appeal your tax rate or the amount of your tax bill. You may only appeal the assessment or property information, and you must do so before the complaint deadline listed on the assessment notice.
How Your Property Value Is Determined
Property assessments are based on market value, which means what your property would likely sell for in today’s market.
To determine market value, assessors use a method called mass appraisal. This means they review many property sales at once instead of valuing each home individually.
For residential properties, assessors look at:
- Recent home sales in your area (from the past 12 months)
- The size of your home
- The age of the home
- The condition and quality
- Features such as garages, basements, or renovations
Only sales between willing buyers and sellers (called arm’s‑length sales) are used to ensure fairness.
What Can Change Your Assessment
Your property assessment can change over time because of:
- Market conditions (housing supply and demand)
- Improvements or renovations you make to your property
- Examples: additions, finished basements, new garages
If home prices in your area go up or down, your assessment may change as well—even if you made no changes to your property.
Why Reviewing Your Assessment Matters
Because your assessment directly affects your property taxes, reviewing it carefully helps make sure:
- Your property information is accurate
- You are being taxed fairly compared to similar properties
If something doesn’t look right, you should contact the assessor before the appeal deadline listed on your notice.
E-Billing
E-Billing is available for Town of Penhold Property Tax Notice & Assessments. Sign up before April 30 to ensure you receive the current year Property tax Notice & Assessment by email when it is prepared in early May.
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
2025 Rates
To find your specific 2025 monthly installment amount, refer to the 2025 TIPP Monthly Rates PDF. The PDF lists each roll number along with the corresponding monthly amount. Your roll number is located on your tax assessment form.
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 finance@townofpenhold.ca
Assessment & Appeals
What Is Property Assessment?
Property assessment is the process of estimating the market value of your property. In Alberta, residential property assessments are used to calculate both municipal and education property taxes.
Your property taxes are calculated as a percentage of the assessed value of the real estate you own. This means changes in your assessed value may affect the amount of property tax you pay.
Questions About Your Assessment?
If you have questions about your property’s assessed value or how it was calculated, you are encouraged to contact the municipality’s assessor.
Riley Kloss, Municipal Assessor
Wild Rose Assessment Services
📞 403‑343‑3357
📧 Riley@wildroseassmt.com
The assessor is available to explain your assessment and review your property information with you.
What If I Think My Assessment Is Incorrect?
If, after speaking with the assessor, you believe your assessment does not reflect the market value of your property as of July 1 of the previous year, you may file an assessment appeal.
Information on how to appeal, including deadlines and required forms, is included on the back of your Assessment and Tax Notice. Appeals must be submitted by the stated deadline.
Please note: Tax rates and tax bills cannot be appealed—only the assessed value or property information may be reviewed through the appeal process.
What Is Market Value?
Market value is the most probable price your property would sell for in an open and competitive market.
In Alberta:
- The valuation date is July 1 of the previous year
- The assessment reflects the physical condition of your property as of December 31 of the previous year
These dates are set by provincial legislation and apply equally to all residential properties.
Review Your Assessment Information Online
Assessment information is typically updated each year in May.
You can review your property details using the Town’s GIS Map:
- Open the Town’s GIS Map from the website
- Search for your property or select it on the map
- Click on the parcel
- Choose “View Additional Information”
- Access the assessment report from the link on the left side of the screen
Reviewing this information helps ensure your property details are accurate.
Tax Certificates
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: info@townofpenhold.ca 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.

