Property taxes help pay for municipal infrastructure and services such as firefighters, police, transit, snow clearing, road maintenance, housing initiatives, the library, parks, community and settlement services, and other programs and services. The level of service is determined by residents, through your input on service review and budget, input throughout the year, consultation on master plans and the implementation of many initiatives.
Property taxes support Banff services
Town Council has approved a municipal property tax increase of 6.14%, which is composed of:
- 1.72% in education taxes for the Province of Alberta,
- 0.08% for Bow Valley Regional Housing,
- 1.9% for inflation on the cost of materials and labour, and
- 3% for new programs and services.
The average residential dwelling unit (assessed value of $399,200) will see an increase of approximately $119 in 2019, or almost $10 more per month for property owners on the monthly payment plan, for municipal and provincial property tax combined.
Property taxes represent 40% of revenue needed to pay for Town of Banff services. Our levels of service are determined in the operating budget, set in January 2019. Other funding sources are utility fees, licenses and permits, user fees and government grants.
What your property taxes support
Average residential contribution per month (for typical dwelling with an assessed value of $399,200)
Overhead and administration costs (e.g. IT, Finance, Communications, HR) are included in the calculation of the costs for each municipal service area.
Comparison of Municipal Property Taxes Collected, Per Capita (2018)
Banff is able to keep residential property taxes below most communities, due to the strength of the commercial tax base.
In 2019, non-residential property taxes make up 76% of all property taxes collected in Banff.
Payment Due by June 28
Mail delivery of tax notices started May 30, 2019. Property taxes are due by 4:30 p.m. on Friday, June 28. Late payment penalty charges apply after June 28, unless you are on the monthly plan. If you have not received your tax notice, or if you have questions, please call 403.762.1230 or email firstname.lastname@example.org.
The Town of Banff accepts payment of taxes through a variety of means. We also offer a payment plan to pay taxes monthly through automatic withdraws.
Tax Installment Payment Plan (TIPP)
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. Learn more about this program and how to sign up.
Mortgage Company Payments
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.
If you have arranged to pay your taxes through your mortgage and this does not appear on your tax invoice, please contact your mortgage provider immediately.
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 to:
Town of Banff
Attn: Taxes and Utilities
Banff AB T1L 1A1
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. Postmarks are not considered.
Pay in cash, with a cheque, money order, or with a debit card at:
110 Bear Street
Monday to Friday from 8:30 a.m. until 4:30 p.m.
Please bring your tax notice with you. Credit cards are not accepted for tax payments.
Penalty charges of 1.5 per cent per month are charged on all overdue accounts. If there is an amount owing on your account, any payment will be applied first to the penalties and then to current taxes.