Urban CasualUrban Casual
  • Community
    • Active Living
    • Art
    • Articles
    • Cochrane Check-In
    • Community
    • Entertainment
    • Events
    • Featured Articles
    • Gardening
    • Garage Sales
    • Health and Wellness
    • Hot News
    • Lifestyle
    • LIVE
    • Local Business
    • Local History
    • Local Restaurants
    • Local Shopping
    • Local Travel
    • Pet of the Week
      • Submit A Cochrane Pet to Be Featured
    • Popular
    • Recipes
    • Reviews
    • Seniors
    • Sports
    • Tips and Tricks
    • Town of Cochrane Update
    • Volunteer
    • Youth
  • Events
    • Submit a Cochrane, Alberta Event
  • Jobs
    • Submit a Cochrane & Area Job Listing
  • Services
    • Work with Us! Advertising Options.
    • Work with Us! Marketing.
    • Shop UC
  • Editorials
    • Submit an Editorial about Cochrane, Alberta
  • Contact
Reading: Town Council Sets Tax Rate for 2020
Share
0

No products in the cart.

Aa
Urban CasualUrban Casual
0
Aa
Search
  • Community
    • Active Living
    • Art
    • Articles
    • Cochrane Check-In
    • Community
    • Entertainment
    • Events
    • Featured Articles
    • Gardening
    • Garage Sales
    • Health and Wellness
    • Hot News
    • Lifestyle
    • LIVE
    • Local Business
    • Local History
    • Local Restaurants
    • Local Shopping
    • Local Travel
    • Pet of the Week
    • Popular
    • Recipes
    • Reviews
    • Seniors
    • Sports
    • Tips and Tricks
    • Town of Cochrane Update
    • Volunteer
    • Youth
  • Events
    • Submit a Cochrane, Alberta Event
  • Jobs
    • Submit a Cochrane & Area Job Listing
  • Services
    • Work with Us! Advertising Options.
    • Work with Us! Marketing.
    • Shop UC
  • Editorials
    • Submit an Editorial about Cochrane, Alberta
  • Contact
Follow US
Urban Casual > Articles > Town of Cochrane Update > Town Council Sets Tax Rate for 2020

Town Council Sets Tax Rate for 2020

Samantha Nickerson
Last updated: 2022/08/12 at 12:07 PM
Samantha Nickerson Published June 9, 2020
Share
exc-5ee100cfffa8fd0d7b263308
SHARE

On Monday evening, Town Council approved property taxes rates for 2020 at their meeting.  It was decided to keep the tax rate low to ensure that Town services continue to be provided, while supporting the community’s recovery from the impacts of COVID-19.

 

“I’m pleased Council found a good balance for our community,” says Mayor Jeff Genung. “We’ve already put measures in place to give people some financial breathing room — this tax rate is part of that.”

 

Last month, Council approved extending the tax payment deadline to September 30 from June 30, and allowing a pause in utility bill payments until August 20 for those who need it. 

Based on the Town’s approved 2020 budget, a home valued at $470,100 will see an increase of $1.92 per month in municipal property taxes. Education taxes for the same property are expected to decrease by $1.50 per month.

 Council also approved rates for supplementary taxes and the Community Revitalization Levy.

 Municipal expenditures and transfers set out in the Town’s 2020 budget total $59,307,572; municipal revenues and transfers from all sources other than taxation is estimated at $30,642,104. The balance of $28,665,468 is raised by general municipal taxation. 

Of the $28,665,468 in municipal taxes, 85% are paid by residential and 15% by non-residential property owners — a consistent tax split since 2018. 

The Town’s operating budget funds municipal programs and services such as roads, parks, police, fire and more. Council is holding the line on funding for municipal services even with the decrease in revenue because of COVID-19. 

The Town also collects education taxes for the province on annual tax bills, as well as for the Rocky View Foundation to support Big Hill Seniors Lodge in Cochrane.  

Property tax bills will be mailed out to residents on June 22. Taxpayers can discuss payment arrangements by calling 403-851-2500. See payment options for Tax installment payment plan (TIPP) on cochrane.ca/TIPP.

 

Find more about municipal taxes on cochrane.ca/Taxes.

 

You Might Also Like

Seniors Week in Cochrane – June 5th to 11th, 2023

Highway 1A & 22 is officially underway in Cochrane, Alberta

Emergency Preparedness Week is May 7th to 13th in Cochrane

Fire Advisory in Effect at 12pm

Street Sweeping starts May 1st in Cochrane

Samantha Nickerson June 9, 2020
Share This Article
Facebook Twitter Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Follow Us

4.3k Followers Like
2.9k Followers Follow
61 Subscribers Subscribe
- Advertisement -
Ad imageAd image
- Advertisement -
Ad image
FOLLOW US ON FACEBOOK

About Urban Casual Cochrane

Urban Casual Cochrane is a complete resource of events and community news for your family to enjoy in Cochrane, AB and surrounding areas!

Disclaimer: While we endeavour to provide the best, most up-to-date information on fun events and activities in and around Cochrane, we cannot guarantee the information on times, dates, admission, etc. These things are out of our control, and we encourage you to call the facility before you head out on your fun activities!

Follow US

Copyright© 2023. All Rights Reserved.

Site maintained with ♥ by Blue Pixel Media

Welcome Back!

Sign in to your account

Lost your password?