Property taxes are the City's main source of income. Taxes are used to fund the many services provided in Camrose. View the Property Tax Calculator to find out where your taxes go.
How My Property Taxes Are Calculated
Municipal property taxes in Camrose are calculated using 3 variables:
City Tax Rates
Each year, the City reviews how much money is needed to pay for municipal programs and services that are necessary to maintain and enhance the high standard of living in the City of Camrose.
This budget process allows City Council to identify where the money is needed most and helps determine the budget to meet those needs. As part of this process, the City considers where the money to cover municipal programs and services comes from. One of the revenue streams for any municipality in Canada is property taxes.
Once the amount of money needed is determined, City Council calculates the tax rate needed to provide the City with enough money to balance the budget.
Education Tax Rate
Education tax rates are set by the Province of Alberta. The City collects these taxes and distributes them to the provincial government. City Council has no control over the amount of education tax collected.
Lodge Authority Property Tax
The City of Camrose is also responsible for collecting lodge authority tax from Camrose property owners on behalf of the Camrose and Area Lodge Authority. Camrose and Area Lodge Authority relies on property taxes to support operation of seniors' lodges in Camrose and Bashaw. City Council has no control over the amount of lodge tax levied. 100% of lodge tax collected from Camrose citizens is submitted to the Camrose and Area Lodge Authority. For further information please visit www.camroselodges.ca.
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