Tax Bill Facts- Important information you will need to know and understand
about property taxes as a home owner
How are taxes adjusted between the buyer and seller?
Taxes for the full calendar year are to be paid by June 30. They are payable six months in arrears and six months in advance. If the sale closes before June 30th, the buyer will receive a credit for the portion of the year's taxes which are owed but unpaid by the seller of the property. This will reduce the amount of money the buyer will need to complete the purchase. However, the buyer will then be responsible for paying the taxes for the entire year by June 30th. If the sale closes after June 30th, the seller will get a credit for the portion of the year's taxes which are owed by the buyer (because the seller has prepaid them). This will therefore increase the amount of money the buyer will need to complete the purchase. However, the buyer will not have to pay any more for that year's property taxes.
When are my taxes due?
Your taxes are due on June 30th. For your convenience, you can pay your taxes earlier by providing The City of Red Deer with a post-dated cheque or by joining The City's Tax Installment Plan (TIP).
How do I pay my bill?
You can pay your property tax bill: 1. By Mail: The City of Red Deer, P.O Box 5008, Red Deer, AB, T4N 3T4 2. At the City Hall Cashier: 4914-48 Avenue, Main Floor City Hall
Monday to Friday, 8:00 Am- 4:30 Pm (Debit, Cheque or Cash only) 3. Through City Hall's night depository on both the east and west sides of the building 4. At most chartered banks, credit unions, trust companies or ATB Financial Branches
When is my tax bill mailed to me?
Tax bills are generally mailed in mid May. If you haven't received your tax bill by the end of May, please contact Assessment & Taxation Services at (403) 342-8126
What tax year is my bill for?
Property taxes in Alberta are based on the calendar year (January-December). When you make your payment at the end of June, you're paying your taxes for the previous six months and the next six months.
Why am I required to pay my taxes in the middle of the calendar year?
The City of Red Deer and all Alberta municipalities could bill for taxes in January, the first month of the calendar year. Red Deer, however, chooses to bill in the middle of the year as it considers mid-year payment to be an acceptable compromise for both the citizens and The City.
If my tax payment is late, will I be charged a penalty?
All current taxes not paid by the due date are subject to a 6% penalty on July 1. A further three percent penalty will be added to and form part of the unpaid tax balance on September 1 and November 1.
What is the penalty on tax arrears?
Taxes and penalties remaining unpaid after December 31 of the year for which they were levied become tax arrears. A penalty of 2% on the unpaid balance will be added to and form part of the unpaid tax on the first business day of January, March, July, September and November.
Tax Installment Plan The City of Red Deer's Tax Installment Plan (TIP) is a simple, secure and convenient way to pay your annual property taxes. To learn more, click on the link below. What is the Tax Installment Plan, How do you enroll? |