Assessment & Taxes

What Are Property Taxes?

Property taxes are local taxes. Local officials appraise and set the value of your property, set your tax rates and collect your taxes.

What is property assessment?

Property assessment is the process of assigning a dollar value to a property for taxation purposes. In Alberta property is taxed based on the ad valorem principle. Ad velorem means “according to value.” This means that the amount of tax paid is based on the value of the property. Assessments on properties are completed in January and February by our contract Property Assessor, Gary Barber of Wainwright Assessment Group.

When will I receive my property assessment and tax notice?

Property assessment and tax notices are mailed at the end of May or into early June of the current tax year.

What are my tax dollars used for?

Property taxes are a primary source of revenue for municipalities. Property taxes are used to finance local programs and services, such as:

Garbage collection
Water and sewer services
Road construction and maintenance
Parks and leisure facilities
Police and fire protection
Seniors’ lodges
Education

The municipality is responsible for ensuring that each property owner pays his or her share of taxes. Property assessment is the method used to distrubute the tax burden among property owners in a municipality.

Who pays property tax?

All owners of taxable real estate located within the province. This includes businesses, farmers, and individuals.

Your municipal taxes are calculated using the following formula:

Assessment * Municipal Tax Rate = Property Tax

When are my taxes due?

2017 Taxes were due July 14th. The tax amount on your Assessment and Tax Notice is for taxes levied from January to December of the current year.

Where do my taxes go?

Your Assessment and Tax Notice includes three separate tax levies taxed at different rates that make up your Total Property Taxes:

  1. Municipal Levy – This amount is paid directly to the Village of Myrnam and pays for municipal infrastructure, facilities, service and programs.
  2. School Levy – This amount is collected by the Village of Myrnam and paid directly to Province of Alberta, for maintenance and development of the school system. The amount of school funds paid by each municipality is based on population and the tax base. All municipalities must collect and forward these funds to the Province.
  3. Eaglehill Foundation – This amount is collected by the Village of Myrnam and paid directly to the Eaglehill Foundation and helps pay for senior housing in our area. If applicable, all municipalities must collect and forward these funds.

What if I am late paying my taxes?

In 2017 you have until July 14th to pay your current taxes without penalty. Any account not paid in full as of July 15th will be penalized 12% of the outstanding current year assessment balance.

If taxes are not paid by January 1st of the following year, an additional 10% will be applied to the outstanding balance of both the current year and any past due amounts and penalties.

What are the Taxation Rates for the Village of Myrnam

2017 Tax Rates

(Rate per thousand dollars of assessed value)

Residential Non-Residential
Municipal  12.257 12.257
School    2.347  3.691
Eaglehill Foundation     .527    .527
Total 15.091 16.475

What if I disagree with my property assessment?

If you disagree with your property assessment, you have 60 days from the date of mailing to appeal your assessment through the Village of Myrnam Assessment Review Board (ARB).

Customer Review Steps:

Step 1: ask yourself the following:

  1. Is the market value assessment of my property a  reasonable estimate as of July 1, of the previous year?
  2. Are the factual details that the Village has on record for my property correct*?
  3. Is my assessment equitable when compared with others in my neighborhood?

*Corrections to the name or address of the assessed person(s) or their school support status may be made without filing a complaint. Contact the Village of Myrnam office at 780-366-3910 or admin@myrnam.ca

Step 2: If you have questions regarding your assessment, contact the Assessor, Gary Barber at 780-842-5002.

Step 3: If you are still not satisfied with the assessment or explanation from the assessor you have the right to file a complaint with the Assessment Review Board.

Filing a Complaint:
Your complaint may be about any of the following, as shown on the Assessment Notice:

Assessment amount
Assessment Class
Assessment sub-class
The type of property
The type of improvement
Whether the property or business is assessable
Whether the property or business is exempt from taxation
Description of a property or business*
School Support Declaration*
Name or mailing address of an assessed person or taxpayer*

* You can correct this information without filing a complaint by emailing details to admin@myrnam.ca  or faxing to 780-366-2246.

A complaint form and/or assessment complaints agent authorization form may be downloaded from:
http://www.municipalaffairs.alberta.ca/mc_assessment_complaints_and_appeals.cfm

Alternately, contact the Village Office at 780-366-3910 to have a form forwarded to you.

The assessment review board cannot hear complaints about the amount of property taxes or tax rates. Assessment review boards cannot change the tax rates or the services provided by the municipality. If a property owner has specific concerns about these issues, he or she may discuss them with the municipality’s administration or council.

Appeal fees:
– Single Family Residential = $50
– Multi-family Residential (more than 3 units) = $500
– Non-Residential (Commercial) = $500
*If your appeal is successful, your money will be refunded

For more information about assessment complaints and appeals please visit Municipal Affairs website.

Can I pay in installments throughout the year instead of one lump sum?

Many people prefer to take advantage of our Monthly Tax Installation Payment Program (TIPP). Here’s how it works:

– The most recent tax levy on your property is divided by 12 months

– From January to June we debit your account for this amount

– In May you will receive your Tax/Assessment Notice showing the actual levy for the current year and the adjusted amount you will pay on TIPP starting with your July payment

You may sign up for this program by December 15th of the year prior to deductions being taken out. Exceptions may be made to the above deadline by contacting the Village Office.