Property taxes are calculated annual and are on your property’s assessed value. In May of each year, council sets a budget and a mill rate based on the dollar amount needed for that year that determines your property tax levy.
Tax notices are usually mailed out in the 1st week of June and are due on or before November 15th of each year. However there is a 5% discount available on the Municipal portion of property taxes if they are paid in full on or before August 31st.
Taxes that are not paid in full by November 15th are assessed a 12% penalty on November 16th.
The 2017 mill rates are as follows:
Property Type |
Municipal |
Recreation |
Seniors |
School Tax |
Total Mill Rate |
Residential |
3.6577 |
0.8353 |
0.2980 |
2.4447 |
7.2367 |
Farmland |
14.1422 |
0.8353 |
0.2980 |
2.4447 |
17.7211 |
Non-Residential |
17.9553 |
0.8353 |
0.2980 |
4.1981 |
23.2877 |
M&E |
17.9553 |
0.8353 |
0.2980 |
N/A |
19.0895 |
Property assessment is the process of placing a dollar value on property for taxation purposes and is governed by Provincial Legislation. The MD of Acadia contracts its assessment services to Benchmark Assessment in Lethbridge.
The below tabs contain frequently asked questions about property assessment.
The assessment and taxation process is governed by the Municipal Government Act (MGA); therefore, your 2016 property assessment is based on a July 1, 2015 market value estimate, as measured by property sales in the area.
Farmland, industrial machinery, and equipment, and linear property are assessed using a process regulated by Alberta Municipal Affairs rather than by market value. For information on the assessment of linear property, contact the linear property assessment branch of the Government of Alberta at 780-422-1377.
As required under the MGA, Assessors collect and update information regarding your property to ensure fair and accurate assessments. Assessors conduct site inspections annually to update property assessments. Inspections usually begin in the spring and run until the end of each year. Inspections may include, measuring buildings, photographing exteriors, and gathering details regarding interior components and use of property.
Inspections for your property may occur if there has been a recent building permit issued or a physical change, if your property has been recently purchased or sold, or if your property is in our annual re inspection area.
Your property characteristics are measured against other properties that have sold, in order to calculate a market value. Characteristics such as location, age, size are all considered.
After receiving an Assessment Notice, a property owner may discuss and review their property assessment with an Assessor. Please contact Benchmark Assessment for questions regarding your property assessment at 403-381-0535.
If, after having discussed your assessment with our assessor, you are still of the opinion that your assessment is incorrect, you may file a written complaint to the Assessment Review Board.