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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.
| Residential/Farmland* |
2005
Taxation Year |
Municipal |
2.9064 |
Education - Alberta School Foundation Fund Tax Rate |
2.3731 |
Seniors Lodge Accommodation Tax Rate |
0.0963 |
| Non-Residential |
|
Municipal |
2.9064 |
Education - Alberta School Foundation Fund Tax Rate |
3.6428 |
Seniors Lodge Accommodation Tax Rate |
0.0963 |
Mill Rates (2009)
- Residential – 5.3758
- Non-Residential – 6.6455
- Linear – 6.6455
- Machinery and Equipment – 3.0027
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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