Alberta reducing education property taxes in 2027 after previous hikes
It means home and farmland owners will pay almost seven per cent less than this year, while non-residential property owners will pay almost five per cent less.
CALGARY - Alberta Premier Danielle Smith has announced a reduction in education property taxes for the upcoming year, following a series of hikes imposed in recent years. The new rate will result in home and farmland owners paying almost seven percent less, while non-residential property owners will see a five percent decrease. The initial reduction will freeze for three years, providing municipalities with the certainty needed for planning.
This decision comes after facing criticism from municipal leaders, particularly in Calgary, in response to previous provincial budgets that had increased education property taxes. The education property tax is collected by municipalities from all property owners in the province, although they do not have control over the rates. This move is expected to save taxpayers almost $100 million in the first year.
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- Alberta government reducing education property taxes in 2027 after previous hikes winnipegfreepress.com
