The Town of Edson issues an annual combined tax and assessment notice to all property owners during the month of May each year. This notice contains the levy for municipal tax as well as the school tax levy which is collected on behalf of the Province.
Council has adjusted the 2021 Capital and Operating Budgets. The Budget uses a 1% tax increase from the original 2020 budget. This is down from the 1.9% increase in taxation passed in December.
In order to bring this down, approximately $107,000 from the Fortis Franchise Fee will not be transferred to the energy reserve this year.
With the taxation set, Council has also given three readings to the 2021 Mill Rate Bylaw. The Town of Edson’s overall taxable assessment has decreased by 3.06%. This is used to generate the taxation revenue and is what drives the mill rate calculations for Municipal taxes, School, and Evergreens Requisitions. This has led to a slight increase in the municipal residential and non-residential mill rates.
The chart below provides a comparison of the 2019, 2020 (original), and 2020 (actual) combined tax levies per $100,000 in assessment. Individual tax notices will go out in mid-May.
*combined tax levy on $350,000 in assessment
2021 without subsidization
Market value assessment has been recognized around the world since the 1970s. It is considered to be the most fair and transparent manner to distribute property taxes.
The market value of residential properties is calculated through a method known as mass appraisal.
Your property assessment notice indicates the Town’s estimate of your property’s market value—the amount it would have sold for in the open market—on July 1 of the previous year. And, it is adjusted for any changes in physical condition recorded by December 31. Provincial legislation establishes these dates and requires that property assessed values be estimated every year.
To ensure assessed values are fair and accurate, they are reviewed at three levels:
Edson’s internal checks and balances,
The Alberta government's annual assessment audit process and
Individual property owners’ review of their notice.
Those with concerns regarding assessment are encouraged to contact the Town’s assessor first. If still unsatisfied, please contact the Town Office for details on the appeal process.
Payments and Penalties
NOTICE - Due to the COVID-19 pandemic, a number of changes have been made for tax due dates and penalty dates. For 2021 the following dates apply.
Taxes due – September 30, 2021.
First penalty run – October 1, 2021.
Second penalty run – November 1, 2021.
Payment Options: A monthly pre-authorized payment plan by automatic bank withdrawals is available for your convenience. The monthly plan runs from January to December each year. Contact the Finance Department by December 1st of the preceding year to enroll for the following tax year. Lump sum payments may be made at the Civic Centre, internet banking or through the mail by June 30th of the current tax year.
If you have appealed your current year property assessment, payment in full is still required by June 30th to avoid penalty. In the event that your appeal is successful an adjustment will be made and a refund will be issued to you.
Late Payment Penalty: There are three important dates to remember when it comes to tax penalties. On January 1st and July 1st any outstanding balance on your tax account is subject to a 6% penalty. On August 1st a 6% late payment change will be applied to the current year’s taxes.
Factors that affect residential market value may include
Land Use (zoning)
Size of home/lot
Other influences (restrictions, environmental concerns, access, servicing, etc)
Total finished living area
Quality of structure
Age of structure
Building type (i.e. duplex, etc.)
Unit type in condominiums (i.e. townhouse, apartment, basement unit, end unit, penthouse unit, etc.)
Garage type and size
For specific assessment information please contact the Town of Edson Assessor: