1. How is my assessment determined?
    Your assessment is based on the market value of your property.
  2. What is market value?
    Market value is the most probable selling price of a property, on the open market, as of a specific date, assuming a knowledgeable buyer and seller.
  3. What specific date is my market value assessment based on?
    Each year your assessment is based on the market conditions of July 1 of the previous year. So for 2018, your market value is based on the real estate market as of July 1, 2017. The assessment also reflects the physical condition of your home on as it existed on December 31, 2017.
  4. Why does the City use this system to determine assessments?
    Legislation in Alberta specifies the manner in which assessments must be prepared. All properties in Alberta are assessed using the same parameters and guidelines.
  5. Why do I pay property tax?
    Each year the City determines the budget required to pay for the services and programs for the year. As part of this process, it determines the amount of the total budget that the City must receive from property taxes. The City of Camrose relies on property taxes as a major source of revenue to fund protective services, engineering services, roads, administration, parks / recreation, and culture. The total property taxes collected is commonly known as a municipal levy.
  6. How are my property taxes determined?
    Individual property taxes are determined by applying a tax rate to your property's assessed value.
  7. How is the tax rate determined?
    A tax rate is determined by dividing the total assessment for a municipality into the total budgeted requirements.
  8. Why is there more than one tax rate on my Assessment and Taxation Notice?
    The Assessment and Taxation Notice contains three separate tax rates; a municipal tax rate, an education tax rate and a lodge authority tax rate. The municipal tax rate is set by Camrose City Council and funds the cost of providing local government services. The education tax rate is based on a required funding amount set by the Provincial Government and funds the school system. Camrose City Council has no control over this amount. The Lodge authority tax rate is based on required funding amount set by the Provincial Government and funds lodges. Camrose City Council has no control over this amount.
  9. Have property taxes in Camrose changed for 2018?
    Camrose City Council had budgeted for a 1.34% municipal tax increase using new assessment growth to minimize the tax increase. With growth coming in under expectation the municipal levy has increased by 1.57%.
  10. Have education property taxes increased?
    Yes the education levy as set by the Provincial government has increased has increased significantly. The levy for residential properties in particular has increased by 9%. Non-residential property owners will see a smaller increase in the education levy of 2.5%
  11. Have lodge authority property taxes increased?
    No, the lodge authority levy as set by the Provincial government has remained relatively unchanged.
  12. What is the overall tax increase to a typical home owner?
    A typical property will see a total tax increase of 3% when factoring in changes to all three levies; municipal, school, and lodge.
  13. Why is my personal total tax change different than the 3% mentioned above?
    Camrose City Council cannot set individual tax bills. They control the overall tax dollars collected from all the citizens of Camrose. Individual tax bills are determined by applying the municipal, education, and lodge tax rates to the assessment of your property. Several factors affect your tax notice.

    The taxes you pay to fund the education system in Alberta have changed in 2018. This amount is set by the Provincial Government not Camrose City Council. The increase in provincial education tax is 9% for residential property owners.

    Properties that have experienced real growth will see a tax increase. Changes to the property including construction, renovations, and additions are all considered real growth.

    The change in your assessment can also cause the property taxes you pay to increase, remain unchanged or decrease. For the 2018 tax year, the total assessment for all residential properties decreased by 5.8%. In order to determine if you will see a tax increase or decrease, compare the per cent change in the assessed value of your home with the overall increase in residential assessment in the City.

    If your property assessment decreased 5.8% your total taxes will increase 3% for the 2018 tax year. If your property assessment decreased less than 5.8% or increased, you can expect the increase in the total of your property taxes to be more than 3%. If your assessment decreased more than 5.8% or decreased you can expect to see a total tax increase less than 3%.
  14. What is the overall impact to a typical property owner after all these changes?
    Residential typical properties should see a total property tax increase of approximately 3% (when the changes in school and lodge authority requisitions are factored in).

    Non-residential typical properties should see a total property increase of approximately 1.6% (when the changes in school and lodge authority requisitions are factored in).
  15. I've been hearing about tax shift negatively impacting certain non-residential property types. What does that mean?
    A tax shift is when certain properties or property types change in a value at a different rate than others. For the current year both hotels and box stores are dropping in assessed value at a more significant rate some of the other property types. The result of this assessment shift is other non-residential properties will pay more taxes as the tax burden shifts to them and most non-residential properties will see greater then a 1.6% tax increase.
  16. Why are property taxes lower in another municipality?
    The amount of tax dollars required to operate a municipality can differ greatly. The services offered, as well as service levels, vary from municipality to municipality. The other factor to consider is who is paying the majority of the property taxes. Some municipalities have properties like pipelines paying large amounts of property tax, while others municipalities do not.
  17. Why does my neighbour pay less property tax than I do?
    Property taxes are determined by applying the tax rates to the assessment. If your neighbour is paying less tax than you are, that property must have a lower assessed value. Considering that assessments are based on market value, the assessment department has determined that property has a lower market value than your property.
  18. Can I pay my property taxes in monthly installments?
    Yes. The City of Camrose has a monthly property tax installment program.
  19. What should I do if I feel my assessment or other information on my assessment and tax notice is incorrect?
    You should contact the Assessment and Taxation staff at City Hall.
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