Every year the Town of Nanton creates a budget which projects the funds required to operate the Town. Revenues are raised through user fees, grants but the majority of funding comes from municipal taxation. A tax rate is set based on the required funds then applied to the assessed property value. As per the Municipal Government Act, the Town of Nanton is also required to collect tax on behalf of the Alberta School Foundation Fund and Mosquito Creek Foundation Fund.
In Alberta, property assessments are based on the market value of your property. Market value is the price a property might reasonably sell for in adequate time and exposure to the housing market. There are characteristics of your property that are taken into consideration during the assessment such as size, type, location, style, condition, lot size and upgrades.
Calculating Property Taxes
The tax rate is set based on the amount of revenue needed for the Town's budget. Your assessed property value, Alberta School Foundation Fund (ASF) and Mosquito Creek Fund (MSF) are all added to equal your total property taxes for the year.
ASSESSED PROPERTY VALUE X TAX RATE/1000 = TAXES OWED
TAXES OWED + ASFF + MCF = TOTAL TAXES TO BE PAID
Municipal Tax Rate The tax rate for 2016 increased slightly from 2015.
All Property Taxes are due on or before June 30, 2016.
Disagree with your property assessment?
All property owners are entitled to information regarding the assessment of their property. If you have any concerns or questions regarding your assessment, book an appointment with the Town's assessor. The Town of Nanton is required to use a third party assessor, as mandated by the Municipal Government Act; Benchmark Assessment Consultants Inc.
To book your appointment, contact Benchmark Assessment Consultants at 403-381-0535 or 403-315-2655.
If you are still not satisfied with your assessment, you have the right to file a complaint to the Assessment Review Board Clerk at the Town Office. Please note, property owners have 60 days for the date of the Tax Notice to file a complaint. The appeal deadline for the 2016 Property Assessment is July 15, 2017.
Eligible seniors in Alberta may apply for the Seniors Property Tax Deferral (SPTD) to defer all or part of their annual property taxes through a low-interest how equity loan. If you would like more information, please contact Ministry of Seniors at 1.877.644.9992 or visit them at www.seniors-housing.alberta.ca.