Property Assessment and Tax Information
Tax Payment Deadline: June 30th, 2018
To view the 2017 Tax Rate bylaw, click here.
To view the 2017 Assessment, please click here.
Understanding Your Assessment
Although it is largely assumed that the market value-based assessment of a property is the sale price of a property, it is important to note that the assessment value is not the market value. Assessors gather registered sales data and physical property details within a marketplace and perform various analysis techniques to achieve the assessment value. Typically, property assessments are calculated by analyzing the range of sale prices groups of similar properties over a period of time adjusted to reflect a specific point in time.
In Alberta, there are two key legislated dates by which certain assessment processes must be complete – the “valuation date” and the “condition date”. The Valuation date ensures that all properties in a municipality are valued as of the same date. The assessment you receive shows the estimated market value of your property on July 1. The Condition date is the date on which the condition of the property is recorded for property assessment purposes. Your property’s assessment must reflect the estimated value of your property as of the valuation date and the condition of the property as of December.
Mortgage Company Payments
You are responsible for ensuring your taxes are paid and will be charged late payment fees if your mortgage holder does not pay by June 30th.
Monthly Tax Payment Plan
If you are currently paying your property taxes by automatic bank withdrawal, you will be notified in writing of the change (if any) to your monthly withdrawal amount. If you are interested in paying your taxes using this program, please contact the Town Office at (780) 387-4554. Applicants may apply any time before December 10.
For payments made by mail, the Canada Post postmark is considered as the payment received date. The imprint of a commercial postage meter is not accepted as proof of the mailing date of your payment.
For telephone banking and internet banking payments, please be aware of your bank’s policies regarding the effective date of payment. For property tax payments, confirm that your property tax roll account number is the one registered on your bank’s bill payment menu.
PAYMENTS CAN BE MADE:
- By Mail
- At the Town Office, by cash, cheque, or Interac Monday – Friday 8:30 am - 4:30 pm (closed 12:00 - 1:00 pm)
After hours drop-box available at front entrance (for cheques only)
- Via Telephone or Internet Banking through most major banks.
Make cheques payable to:
Town of Millet
PO Box 270
Millet, AB T0C 1Z0
Please include the remittance portion with your payment