Rocky flats settlement taxes1/31/2024 ![]() Individual property taxes will only go down if that property decrease in assessed value more than the average total assessment change. This is what causes changes in taxes for an individual property owner. This is done for all property tax classes within the Town.įor an individual property the assessment also changes, but it may not go up or down at the same rate of inflation/deflation as the entire assessment for the Town. In 2021 the tax rate went up by ½ of a percent. We increase the tax rate to adjust for the change in assessment. If the assessment went up due to inflation, we wouldn’t collect more taxes we would decrease the tax rate to maintain the total tax amount collected. Yet we are still collecting the same total amount in property taxes. In order to maintain the same total taxes for the whole Town and accommodate fluctuations in assessment – which is outside of the Town’s control – the tax rate will change. The Town has no control over the assessment process or the assessed value of any property in Town. Property assessment is regulated in Alberta by the provincial government. Assessors use licensed assessment software to conduct these complex calculations. The government requires assessments to be within plus/minus 95% of the estimated sales value of a home. It is based on the prior three years of sales data. The assessment is established by certified assessors. It can go up if there is inflation or down if there is deflation. Taxes and Assessment FAQ Zero per cent tax increase: what it meansĪ zero percent increase means we collect the same total amount of taxes as the previous year. Outdoor Facilities, Parks, Playgrounds & Trails ![]() Notice of Public Hearings and Municipal Planning CommissionĬommunity Program Guide Fall & Winter 2023/24 ![]() Rocky Mountain House: a changing communityĭepartment Overview, Building Permit Statistics and GIS Map Town of Rocky Mountain House Wall of FameĮxplore Town of Rocky Mountain House videosĮxplore David Thompson Country Tourism Region videos Mental Health and Social Services Resources ![]() Martha Kostuch Environmental Stewardship AwardĬlearwater Regional Family and Community Support Services (FCSS) ![]() Stronger Together and other Intermunicipal Agreements Civic Building - preliminary public engagementĬouncil Meetings Livestreaming and Highlights ![]()
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