Rocky View County tax rates are set annually by Council of in the month of May. These rates determine the amount of property tax to be paid by each property.
Above: The 2016 property tax rates table. Click to enlarge (PDF)
Council sets the tax rates based on the amount of property tax revenue that is required to pay for the services provided by the County. Individual property assessment and taxes usually change each year due to the requirements of the annual budget, and year-to-year changes in property value.
Council does not control the amount of property taxes required to pay for education and seniors’ foundation tax requisitions. These rates are established by the Province of Alberta, the Calgary Roman Catholic Separate School Authority, and Rocky View Seniors’ Foundation.
Property Tax Formula
County property taxes are calculated based on the application of the following formula:
Assessed Value x Residential Tax Rate
If the assessed value of a residential property was $870,500, and the residential tax rate for the year was 0.0048427, the estimated taxes on that property would be:
$870,500 x 0.0048427 = $4,215.57