Property tax rates and bill calculation
Property tax rates and property tax bills are calculated annually. Your property’s value is assessed each year, and the assessed value determines your share of property tax. The total tax payable on your property tax bill includes a portion that supports City services, and a portion collected for and sent to the province.
City property tax rate
City property tax rate
Each year Council approves a yearly budget with the amount of property tax needed to support City services. From this, The City takes the overall expenditure and subtracts all other sources of revenue such as licence fees, permits, user fees and provincial grants. The balance is the total revenue required by The City from property tax.
Provincial/Educational property tax rate
Provincial/Educational property tax rate
The City collects property tax for the province. Over one third of your property tax dollars goes to the province. The province calculates the local education or provincial tax rate for each municipality. You can learn more on how the provincial/education property tax is calculated, collected, and used on the Government of Alberta's website.
Current and historical property tax rates
The City develops four-year (2023-2026) plans and budgets to care for our community, striking a balance between the services you use every day and costs. The historical information below goes back to the first year of the four-year cycle in 2023.
| A | B | C | D | ||
|---|---|---|---|---|---|
| Year | Total residential Tax revenue required by The City | Total Residential taxable assessment value | City Tax rate (A ÷ B) | Provincial/ Educational Tax rate (set by province) | Total tax rate (C+D) |
| 2025 |
$ 1,324,138,634 |
$ 342,101,646,863 | 0.0038706 | 0.0023097 | 0.0061803 |
| 2024 | $ 1,221,804,900 | $ 290,656,794,111 | 0.0042036 | 0.0022825 | 0.0064861 |
| 2023 | $ 1,120,660,342 | $ 258,699,494,988 | 0.0043319 | 0.0022399 | 0.0065718 |
Before approving the final tax rates, Council must receive the provincial budget to determine what funding will be made to available to The City and how much property tax revenue the province is requesting. This is done in the spring, typically March. The 2025 property tax rates are below.
| Assessment Class | City | Provincial | Total |
|---|---|---|---|
| Residential | 0.0038706 | 0.0023097 | 0.0061803 |
| Non-Residential | 0.0179731 | 0.0038555 | 0.02182860 |
| Farm Land | 0.0372838 | 0.0023097 | 0.0395935 |
Calculating your tax bill
Your property assessment is used to calculate your share of property tax that support City services and sent to the Government of Alberta. Your property assessment is based on the market value of your property on July 1, 2024.
Your property tax bill is mailed to you in May. It covers the period of January 1 to December 31, it has a due date of the last business day of June.
The calculation used to determine the Total Tax Amount Due on your property tax bill is:
Total property tax amount due = (Assessment x City's tax rate) + (Assessment x Province tax rate)
Median residential tax bill amounts
The Median home assessment is based on the middle value when all house values of single detached homes are arranged in ascending order. This chart only represents the median residential values and tax bill for the year indicated. Your property value and its yearly change will determine your property’s tax bill and yearly change.
| A | B | ||||
|---|---|---|---|---|---|
| Year | Median single detached residential home assessment | Property Tax to The City (Assessment x City tax rate) | Property Tax to the province (Assessment x provincial tax rate) | Tax % staying in The City / Tax % going to the province | Total tax amount owing on tax bill (A+B) |
| 2025 |
$ 697,000 |
$ 2,697.81 | $ 1,610 | 63/37 | $ 4,308 |
| 2024 | $ 610,000 | $ 2,564.20 | $ 1,392 | 65/35 | $ 3,956 |
| 2023 | $ 555,000 | $ 2,404.20 | $ 1,243 | 66/34 | $ 3,647 |