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.

For more information on Hanna’s taxes, visit the Town website.

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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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