Your annual property tax bill covers the period of January 1 to December 31. The Town of Olds mails combined Property Assessment and Taxation notices mid-May of each year.
Non-Residential Tax Incentive Program
Beginning February 1, 2023, eligible businesses may apply to this program. Eligibility criteria include:
- Growth in municipal property assessment of a building by at least $100,000
- Employ at least 2 full time people (or equivalent)
- SUBMITTING AN APPLICATION FORM FOR APPROVAL.
Important Dates to remember:
| Date | Information |
|---|---|
| Mid-May | Property Assessment and Taxation notices are mailed |
| June 30 | Property Taxes are Due |
| 60 days from Notice of Assessment Date | Assessment Complaint Deadline |
| July 1 | 5% Penalty on any Current unpaid Taxes |
| September 1 | 5% Penalty on any Current unpaid Taxes |
| November 1 | 5% Penalty on any Current unpaid Taxes |
| January 1 | Any unpaid taxes become Arrears |
| 1st day of each month | 1.25% Penalty on Arrears |