Taxes

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.

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.