Tax time is coming!
Tax notices will start appearing in mailboxes in late May
Property owners in Brazeau County can soon expect to see that inevitable piece of mail – the annual tax and assessment notice.
At its May 4, 2018 meeting, Brazeau County Council passed the 2018 Tax Rate Bylaw (Bylaw 987-18), establishing rates for taxation for 2018. Municipal tax rates will be maintained at 2017 levels with a 0% increase. This decision also reflects a continuation of the 30% reduction in the residential and farmland tax rate that was implemented by Council decision in 2015.
A motion of Council at its March 28, 2018 meeting will see commercial property owners who pay their 2018 taxes by the due date of June 30 receive a 30% rebate on the municipal portion of their taxes. This is the third year Council has offered a rebate to commercial properties as a way to show support during the challenging economic downturn and recovery. Those eligible for the commercial property rebate will be notified with a letter included in their tax notices.
Brazeau County is required to levy taxes for the Alberta School Foundation and the Brazeau Seniors Foundation each year. Both of these levies are identified as separate lines on tax notices. Brazeau County has no influence over levies collected for third parties such as the Alberta Government or Brazeau Seniors Foundation.
This year some property owners will notice a third requisition identified on their tax notice. Due to changes in the Municipal Government Act, owners of property deemed as Designated Industrial Property (DIP) will now be requisitioned to pay for the cost of assessment on their properties, which is being overseen by the Province. Only those with classified as DIP will see this additional line on their tax notices. This change does not impact residential property taxes.
Overall, residential and farmland will see an increase of 6.12% solely due to the increase in the school levy. Non-residential properties will see a decrease of 3.77%, again due solely to the school levy.
Administration did not factor the DIP requisition into the percentage change as it is not applied to all non-residential properties.
The seniors’ tax rate remains unchanged for all categories even though there was a decrease in the requisition. The Province is no longer paying some of the grants in lieu and as such those properties are now excluded from the levy. Machinery and equipment tax rate remains unchanged except for the properties that are subject to the above-mentioned DIP requisition.
Tax notices will be mailed the last week of May for payment on, or before, June 30. Taxes not paid by the June 30 deadline are subject to a 1% penalty, as per Bylaw 899-15. An additional 1% penalty is added for each following month until the taxes are paid in full. The penalty does not apply to those who are signed up for the Tax Instalment Payment Plan.
Due to changes to the Municipal Government Act there will be a small change in process for those who mail their tax payment to the County. If you wish to receive a receipt of payment for your mailed payment, you must make a note asking for the receipt to be sent to you. If a formal request for receipt is not made, none will be mailed out.
If you have questions about your property’s assessment Brazeau County’s assessors, Accurate Assessment Group, are available to speak to you. You can find the assessors’ contact information on your tax notice. The assessors will also be on site at the Brazeau County office on June 13 to meet with anyone who has questions about their assessment. Property owners may drop in between 9:00 a.m. and 3:00 p.m. to meet with an assessor.
TALK TO US ABOUT TIPP TODAY!
If paying your taxes in one lump sum each year is a burden on your budget, Brazeau County offers a Tax Instalment Payment Plan (TIPP), which makes it easier to incorporate taxes into a yearly budget. The plan allows property owners to pay their property tax in monthly instalments, breaking the total into smaller amounts. Payments are withdrawn from your bank account on the last business day of the month.
It’s easy to sign up for the TIPP. The only requirements are that you have chequing or savings privileges at a financial institution (bank, trust company, treasury branch, or credit union), and that you do not currently pay your taxes through a mortgage company Principle, Interest and Taxes (PIT) program.
Once you fill out the application and have been accepted in the program, any estimated or actual taxes owing in the at firstname.lastname@example.org taxation year will be distributed equally over the remaining months in the year, based on the application date.
If this program sounds like it fits the needs of you or your family, you can download the Tax Instalment Payment Plan application form from our website at www. brazeau.ab.ca/county-hall/corporate-services/monthly- payment-plan. Application forms are also available at the Brazeau County Administration Office.
For more information on our Tax Instalment Payment Plan, please contact our office at 780-542-7777.