Learn about important information on taxes, property assessments, and finance information.
Taxes are levied on May 31 of every year (or the last banking day of May) and are due in full on July 31 of every year (or the last banking day of July). An interest rate of 10% will be charged on outstanding taxes on August 1. A non-receipt of your property tax notice does not exempt you from penalty due to late payment.
The Town of Sedgewick has a monthly budget option. Please note that the monthly payment plan must be started prior to January 31 as per Bylaw #459 Sec. 9 (a). You may pay your taxes online – at this time Bank of Montreal, ScotiaBank, Vision Credit Union, Alberta Treasury Branch, CIBC & TELEPAY are offering this service.
Property assessment is the process of assigning a dollar value to a property for taxation purposes. In Alberta property is taxed based on the ad valorem principle. Ad valorem means “according to value.” This means that the amount of tax paid is based on the value of the property.
Property taxes are used to finance local programs and services, such as:
- Garbage collection
- Water and sewer services
- Road construction and maintenance
- Parks and leisure facilities
- Police and fire protection
- Seniors’ lodges
Often the terms “assessment” and “taxation” are considered to be interchangeable. However, assessment and taxation are very different. Although one impacts the other, each is a distinct and independent process.
“Assessment” is the process of estimating a dollar value on a property for taxation purposes. This value is used to calculate the amount of taxes that will be charged to the owner of the property.
“Taxation” is the process of applying a tax rate to a property’s assessed value to determine the taxes payable by the owner of that property.
The Assessor for the Town of Sedgewick is:
Wainwright Assessment Group Ltd.
604 – 10 Street
If you have questions about your property assessment, please contact Gary Barber, AMAA at Wainwright Assessment Group Ltd.