Property Taxes
| The assessment and tax departments are located at the civic centre.
Assessment is responsible for:
- Preparing market value based on property assessments annually
- Responding to property assessment inquiries
Taxation is responsible for:
- Preparing and mailing the annual tax and assessment notices
- The administration of the Tax Installment Payment Plan (TIPPS)
- Responding to tax inquiries
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Property taxation
Property taxation is the process of calculating a tax by multiplying the assessment by a tax rate. Tax rates are calculated based on the amount of tax revenue that is required to pay for the services that are provided. The formula to calculate your taxes is as follows:
Property Assessment x Mill Rate/1000
If your property assessment was $280,000, and the Mill Rate was 7.950 (as it was in 2009), your taxes would be:
$280,000 x 7.95/1000 = $2,226.00 per year
Supplementary Assessment & Tax
What is a supplementary assessment?
Supplementary assessment reflects the increase in the value of a property that results from the construction of completion of a new home or building during the current tax year.
What is a supplementary tax?
A supplementary tax is determined by multiplying the supplementary assessment (the increase in value resulting from the construction or completion of a new home or building) by the tax rate, and pro-rating this amount based on the period of the time the building has been completed or occupied for the current tax year.
How is supplementary tax calculated?
A new home is constructed and is completed or occupied on July 1. The increase in the property value/assessment resulting from the construction of the new home is $100,000.
Supplementary Assessment $100,000
Mill Rate for 2009: 7.950
Days occupied: 184 days between July 1 and December 31 in 2009
Supplementary tax levy: $100,000 x (184 days/365) x (7.950/1000) = $400.76
Why does the City of Leduc have a supplementary assessment and tax?
When new homes and other buildings are completed or occupied, the owners receive municipal services. The supplementary tax contributes towards the cost of providing these services.
When are supplementary assessment and tax notices mailed?
Supplementary taxes are levied only in the year that the newly constructed building is completed or occupied. Supplementary notices are mailed in November and due December 31.
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