The Town of Olds has brought in nearly 95 per cent of the $10.9 million in taxes it expects to collect in 2013.
That total includes the portion that the municipality collects on behalf of the provincial government in education taxes.
Garth Lucas, the town's director of corporate services, said the town doesn't have a breakdown of how much of that total is the municipal portion and how much has been collected on behalf of the provincial government as of yet.
Lucas said 40 per cent of the town's taxpayers are on a monthly payment plan, which divides the total tax bill into monthly instalments.
“It's wonderful for the town because it gives us a steady flow of cash,” he said.
The town is still expecting another $2.8 million to come in. Most of that figure will arrive via monthly payment plans taxpayers have set up with the town.
Lucas would not provide the Olds Albertan with the number of residents who still have not paid their property taxes.
The deadline for paying property taxes was June 30.
The penalty for taxes that have not yet been paid is five per cent and that amount increases to six per cent on Sept. 1 and seven per cent on Nov. 1.
