Banff keeps municipal property taxes 1.8% lower than pre-COVID year
The Town of Banff has kept the municipal portion of property taxes below 2019 pre-COVID levels to help businesses and individuals financially affected by the pandemic. Although the municipal portion is 1.8% less than in 2019, the cut in 2020 was 17%. That means the municipal portion of 2022 property taxes increases 4.8% over the 2021 level.
The Provincial Education Tax is also added to property taxes. This year, the Government of Alberta requires $9.6 million from Banff properties. This is an increase in Banff ’s total education tax by 15.6% over pre-COVID, but a 5.2% decrease from 2021. The combined municipal and provincial property taxes increase 3.7% over 2019, and 1.0% over 2021.
Property taxes due June 30, 2022
Tax notices will be mailed out starting May 30. For the average residential dwelling assessed at $467,100, that average municipal property tax is $1,136, or $95 for the monthly payment plan.
Sign up for the Tax Installment Payment Plan and pay monthly. The Town will make automatic withdrawals from your bank account of a pre-determined amount. No interest is charged; the total amount is spread evenly across months.
Pay your taxes through your mortgage bank or company. If you have chosen this method, it will be noted under the Reference Section on your tax invoice and no payment is required to the Town when you receive your property tax invoice.
Pay your property taxes through most chartered banks using telephone, online and ATM banking services. Register with your bank.
Single Annual Payment. Mail a cheque or money order payable to the Town of Banff. Record your roll number or your property address on the cheque and enclose the bottom portion of your tax invoice. Post-dated cheques must be dated no later than the due date. Mail to:
Town of Banff
Attn: Taxes & Utilities
Banff AB T1L 1A1.