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Taxes & Assessments

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On May 11, 2020 Council passed final reading of Bylaw 784-2020 which set municipal, school, seniors, and policing mill rates for this upcoming year.  

Municipal requisition for 2020 was lowered from 2019 based on facility closures, program cancellations, and staff layoffs.  The Province introduced a new requisition for policing but lowered both the school and the seniors’ requisition.  Taxes are calculated on assessment.  Provided your assessment has not changed, landowners should see an average decrease of 2.5%.  

Assessment notices were mailed on May 15, 2020.  If you do not receive your assessment notice, please contact the Town Office and make arrangements to receive a copy.  

We understand the economic impact the COVID-19 pandemic is having on households and businesses in Penhold. To help our residents and business owners meet their financial obligations, the Town will waive penalty fees for residents unable to pay their Town of Penhold property taxes in full by the June 30, 2020 deadline. 

Residents and business owners can take advantage of a penalty free period until December 30, 2020 with no late fees applied to their tax account. Any outstanding balances after December 31, 2020 will be subject to late payment fees. Council strongly encourages residents to make their payments.

This measure is meant to provide temporary financial relief during the COVID-19 pandemic, it does not mean you do not have to pay your Town of Penhold property taxes. Instead of deferring payments, this measure gives you more time to pay your full balance once the province-wide emergency measures are lifted before payment penalties come into effect.

•   2020 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.

Residential

Current Tax Rates Tax Distribution
Police .1627 % ----
Education 2.4960 % ----
Senior .0186 % ----
Municipal 9.1830 % ----
Your Total Estimated Taxes