Town of Canmore

Tax Rates

Taxation Rates for 2023

Taxation Rates for 2023
Rate of Taxation Bylaw  
  Residential & Tourist Home - Personal Use Tourist Home Non Residential Residential Vacant Serviced Land
Municipal 2.05063 6.72057 6.72057 2.05063
School Support 2.15865 2.15865 3.25642 2.15865
Seniors Requisition* 0.14440 0.14440 0.14440 0.14440
Vital Homes 0.01937 0.13619 0.13619 0.01937
Total Mill Rate 4.37305 9.15981 10.25758 4.37305
Municipal Tax Ratio (Class: Residential) 1 : 1 3.28 : 1 3.28 : 1 1 : 1

* Senior Req. Rate is for Bow Valley Regional Housing (BVRH)

To calculate your levy amount:  Assessed Property Value x Rate / 1000 = Tax Levy

Previous Rates:    pdf Mill Rates Chart 2014 - present (912 KB)

Tax Rate Information

The Town of Canmore collects just enough property taxes to cover operating budget requirements, the provincial education tax requisition, and the seniors requisition. To determine the tax rate - or mill rate - administration calculates how much of the total is to be collected from residential and non-residential properties (the split), then divides these amounts by the total assessed value for each property classification. 

Property Tax Rates are set by Council in May annually.  Property Tax Notices for the current taxation year (January 1 - December 31) are mailed in late May. Property Taxes are traditionally due on the last business day of June. Review your Annual Property Tax Notice to confirm the due date for the current year.

Comparing Canmore's Municipal Taxes to Neighbouring Communities

We regularly monitor the tax rates in other municipalities. The intent of the Town of Canmore Property Tax Policy is to target a residential:non-residential tax share split in line with the average of similar communities. As you can see in the charts below, Canmore's municipal taxes are in line with the average taxes per dwelling of many of our neighbours.

We compare taxes based on the number dwellings being taxed, rather than per capita, since we have such a large, non-permanent population, and it is difficult to determine the number of non-permanent residents. Therefore, the per capita calculation did not result in a clear comparison.

The Town of Canmore is located within Treaty 7 region of Southern Alberta. In the spirit of respect, reciprocity and truth, we honour and acknowledge the Canmore area, known as “Chuwapchipchiyan Kudi Bi” (translated in Stoney Nakoda as “shooting at the willows”) and the traditional Treaty 7 territory and oral practices of the Îyârhe Nakoda (Stoney Nakoda) – comprised of the Bearspaw First Nation, Chiniki First Nation, and Goodstoney First Nation – as well as the Tsuut’ina First Nation and the Blackfoot Confederacy comprised of the Siksika, Piikani, Kainai. We acknowledge that this territory is home to the Métis Nation of Alberta, Region 3, within the historical Northwest Métis homeland. We acknowledge all Nations who live, work, and play and help us steward this land and honour and celebrate this territory. We commit to working to live in right relations and to advance Truth and Reconciliation.

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