Municipal property taxes in Camrose are calculated using the following three variables:
City Tax Rates
This budget process allows City Council to identify where the money is needed most and helps determine the budget to meet those needs. As part of this process, the City considers where the money to cover municipal programs and services comes from. One of the revenue streams for any municipality in Canada is property taxes.
Once the amount of money needed is determined, City Council calculates the tax rate needed to provide the City with enough money to balance the budget.
Check out the video below to find out how assessment and municipal taxation works:
For 2025, the tax rates (mill rates) are as follows:
Residential 8.2923
Non-Residential 14.2517
Education Tax Rate
How the Education Property Tax is Calculated
Every year the province calculates, based on assessment value, the amount each municipality must contribute towards the public education system. The City collects these taxes and distributes them to the provincial government. City Council has no control over the amount of education tax collected.
Your share of the education property tax payment is based on the assessment value of your property and the local education property tax rate.
Why is education partially funded through property tax?
The education property tax provides Alberta’s education system with a stable and sustainable source of revenue. Pooling the education property tax in the ASFF ensures that students receive a quality education regardless of their municipality’s assessment wealth.
Does everyone pay the education property tax?
All property owners pay the education property tax (with some exceptions, such as some non-profit organizations and seniors’ lodge facilities). People who rent or lease property may also contribute indirectly through their monthly rent or lease payments. As the education system benefits all Albertans, people without children in school also pay the education property tax.
Every Albertan benefits from a quality education system. The education property tax supports an education system that is producing the workforce of tomorrow.
What does this mean for my property?
A 2% increase in the education requisition does not translate into a total tax increase of 2%. The education tax is only one portion of the property tax bills. In addition, new growth properties will also contribute taxes to cover the education increase and reduce the impact on existing properties.