Residential property taxes are definitely a factor to consider when relocating. Although taxes vary depending on the community, Albertans pay low provincial and municipal taxes, overall, in Canada.

Each year Council establishes a rate of taxation based on assessed values, sufficient to pay for those expenditures that are not recovered from other revenue sources. For 2009, the rate is $8.87480 per $1,000 of assessed value for residential taxpayers and $13.97888 per $1,000 for commercial and industrial taxpayers.

Brooks has a favorable tax mill rate compared to other similar sized Alberta communities. The following table outlines the tax mill rate for 2009.

* all tax rates per $1,000 of assessment.

Additional Information:

Property tax is either provided as a percentage or as a millage rate. A mill is one-thousandth of a dollar. To calculate the property tax, the assessed value of property is multiplied by the mill rate and then divided by 1,000. For example, property assessed at $100,000 located in a municipality with a mill rate of 20 mills would have a property tax bill of $2,000 per year.

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