Financial Services & Taxation
Download a copy of the 2014 Financial Statements (.pdf)
Financial reports for the current and past years are also available at the Administration Building upon request.
Taxes are due in full by June 30th of the same year. A late penalty charge of 10% will apply to current taxes outstanding after this date and if taxes are still outstanding on January 1 a further 10% penalty is applied to the balance.
The Finance Department is responsible for financial record keeping, reporting, and safekeeping of Municipal Assets, and investment of municipal funds. The Director of Corporate Services, with the assistance of three accounting Clerks perform all duties associated with property tax and utility notification and collection, accounts payable and receivable, grant administration, budget analysis reporting, Payroll and human resources, production of financial reports, and maintaining financial records. The Finance Department can be reached at the County Administration Office at 5303 – 50th Avenue, Lamont, or by telephone at 780-895-2233 or Toll Free 1-877-895-2233.
Lamont County derives the majority of its revenue to operate on from property taxes. Property taxes are calculated based on a market value assessment that is established by an accredited Assessor. Assessment Questions can be directed to our Assessors: Accurate Assessment Group Ltd. at 780-464-4655, www.aag-gis.com. The market value assessment is multiplied by a tax rate established by bylaw. There is a penalty added on all unpaid taxes after January 1st. There is also a penalty added to the current year’s taxes that remain unpaid as of July 1.
Garbage collection, water and sewer services, road construction, parks and leisure facilities, police and fire protection, seniors’ lodges, and education
Taxes increase when the assessment of the property or the tax rate increases.
School Tax is based on property, not who owns the property. All taxable properties including residential and commercial are required to pay school tax.
Taxes cannot be appealed; however property owners can appeal their assessed value. If you would like more details on filing an assessment complaint please visit Alberta Municipal Affairs for details.
Under normal circumstances the occupier/leaseholder/tenant is responsible for payment of the rates unless there is a clause in the lease whereby the landlord is liable for the rates.
Lamont County offers taxpayers the ability to pay their property taxes in monthly installments by pre-authorized withdrawals from their bank account, rather than in one single payment.
When a property is purchased the lawyers office will handle the adjustment for the property taxes. In the first half of the tax year, the lawyers will typically issue a credit to the purchaser for the taxes for the portion of the year that they have not owned the home. By the lawyers issuing this credit it makes the purchaser responsible to pay Lamont County for the full year’s taxes. The credit issued is typically taken off of the fees paid to the lawyer for their services.
Penalties of 10% are applied on July 1, 2015. Additional penalties of 10% are applied January 1, 2016.
Lamont County accepts cash, cheques or debit for payment of taxes.
A property assessment is the process of assigning a dollar value to a property for taxation purposes.
The Municipal Government Act defines property as “a parcel of land, an improvement, and a parcel of land and the improvements on it.”
Other forms of revenue for the County include sales, user fees, levies, fines, investment income and government grants.
Avoiding Long Line-ups
Here are some options that will eliminate having to wait in line on tax due dates.
TIPP – Tax Installment Payment Plan
Lamont County is now offering taxpayers the ability to pay their property taxes in monthly installments by pre-authorized withdrawals from their bank account, rather than in one single payment.
Why Should You Use It?
- Easier budgeting because it breaks the annual tax payment into 12 monthly payments
- Convenient & reliable form of payment; no rushing to get to the office on due date
- No penalties on balances, provided payments are not missed
Saves on cost of postage and travel
How Does It Work?
- Payments start in January and are withdrawn from your bank account on the 15th of every month
- Each monthly payment for the first half of the year is equal to 1/12th of the tax levy from the previous year
- Then for the second half of the year your payment is re-calculated based on the current year’s tax levy, less the amount already paid
- Once you have signed up for the Payment Plan you are automatically enrolled each year
Who Can Use The TIPP Program?
All Taxpayers are eligible to participate in the Pre-Authorized Plan provided all property taxes, arrears and penalties are paid in full on or before December 31st of the previous year.
You can pay your taxes with a postdated cheque to the tax due date. This will allow County staff time to check your payment. Staff can notify you prior to the due date if there are any issues with your payment. The payment is not processed or deposited in the bank until the date of the cheque.
Payment drop box
There is a payment drop slot in the door located at the front entrance of the building. Place your cheque in an envelope and drop it in the slot. Your payments will be processed promptly each morning (Monday to Friday). (NO CASH PLEASE!)
Through Internet Banking or in Person at Most Financial Institutes
Please note that at this time only tax payments can be made in this manner. Please check with your financial institute for how payments can be made and if Lamont County has been set up in their system.