Property taxes are a primary source of revenue for municipalities, used to finance city programs and services such as:
- Family and community support services
- Road construction and maintenance
- Parks and leisure facilities
- Police and fire protection
- Snow removal
For more information contact the tax department at 780-980-7105 or firstname.lastname@example.org
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. Here is the formula to calculate your taxes:
Property Assessment x Mill Rate* / 1,000 = Annual Property Taxes
If your property assessment is $350,000, and the tax rate is 10.111, your taxes would be:
$350,000 x 10.111 / 1,000 = $3,539 per year
*The mill rate is the amount of tax payable per dollar of the assessed value of a property. The mill rate is based on "mills"; as each mill is 1/1,000 of a currency unit, one mill is equivalent to 1/10 of a cent ($0.001).
To estimate your upcoming property taxes, the City of Leduc now has an online Tax Calculator.
Under provincial law, the City of Leduc collects education tax for the Government of Alberta through property tax, which represents about 26%, for 2020, of the total property tax assessed. All property owners are required to contribute, whether or not they have children in school. Your tax bill indicates whether the education portion of your taxes is directed to the public or separate school system. If your affiliation is incorrect, complete the School Support Declaration form and submit it to us by Dec. 15 in order for the change to take effect for the next tax year.
More information about education taxes is available through Alberta Education.