Cochrane - Municipal Mill Rate

The Mill rate is the amount of tax payable per dollar of the assessed value of a property. The mill rate is based on "mills"; as each mill is one-thousandth of a currency unit, one mill is equivalent to one-tenth of a cent or $0.001. Property tax in dollar terms is calculated by multiplying the assessed property value and the mill rate and dividing by 1,000. As a property may be subject to tax by a number of different authorities, mill rates are set by each taxing authority so as to meet the revenue projections in their budgets.

The 2022 non-residential municipal mill rate in Cochrane was 7.55%, greatly increasing 12.5% from 6.71 in 2021. Cochrane's growth rate ranks 12th provincially. The non-residential segment had the largest increase over last year, increasing 12.5% to 7.55.

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Municipal Mill Rate

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View this dataset on the Alberta Open Government Website

Cochrane - Municipal Mill Rate

Municipal Mill Rate

Source Attribution

Last Updated - October 25, 2023