Town of Banff

Property Taxes

Property tax pays for municipal infrastructure and services:  fire rescue,  police, public transit, leisure programs, roads, snowclearing, playfields, the recreation centre, library services and more. The cost of delivering these services at a level determined by Council form the basis of each year’s budget.

If you are a property owner in Banff, you pay an annual property tax based on the assessed value of your property at a rate determined by total tax revenue needed to pay for these municipal services, the total assessed value of property in Banff, and the total taxes paid to other levels of government, among other factors .

Taxes are due June 30 of each year. Tax notices are sent at the end of May.

2011 Taxes

Council approved the 2011 tax rate at increase of 0.05 percent for residential and a decrease of 3.35 percent for non residential, for a total tax levy decrease of 2.33 percent.

The 2011 tax rate for residential properties is 4.9711.  The tax rate for commercial properties is 21.1646.

For more information on paying taxes, or to set up an automatic monthly payment system (TIPP), click here, call us at 403.762.1230 or email taxes.utilities@banff.ca.


About the Provincial Education Tax and Using the Tax Room
The Government of Alberta determined the total education tax amount collected from Banff property owners will be $5,457,653 in 2011 -- a decrease of 15.2 percent or $976,000 from 2010. The reduction was primarily due to the decrease in commercial assessment values in Banff. Overall in the province, the Government of Alberta increased the amount of education tax collected by 3.1 percent in 2011.

As the provincial government is collecting less school tax in Banff, the Town is able to increase the amount of property tax it collects without adversely impacting the overall total collected from the property owner. Revenues collected by using that extra tax room are directed to capital reserves. The Town’s use of the extra tax room afforded by the reduction in education taxes collected does not impact the school board funding allocation or budget, or the total provincial education tax collected. For more information on school taxes, visit the Government of Alberta's website.


Assessment and taxation are regulated by the provincial government. If you would like to learn more, you can pick up "A Guide to Property Assessment and Taxation in Alberta" at Banff Town Hall (110 Bear Street). Call 403.762.1230 for more information about the Guide.