Tax Rate

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Each year, City Council establishes the tax rate (Property Tax Bylaw #C8-17) to distribute the tax levy among all City of Fort Saskatchewan property owners. At the same time, the provincial government determines the amount that every Alberta municipality must contribute towards education funding. In addition, the housing foundation portion of the levy is requisitioned in accordance with the Alberta Housing Act and collected by the City on their behalf.

One mill represents $1 tax for every $1000 of assessment, therefore the calculation of the taxes can be shown as follows:
 
Municipal Property Taxes = Assessment x (Municipal tax rate ÷ 1000)
School Taxes = Assessment x (School tax rate ÷ 1000) 
Foundation Taxes = Assessment x (Housing tax rate ÷ 1000) 

For example, in 2017, if your residential assessment is $400,000 your taxes would be as follows:

Residential

Tax Rate (Mill Rate)

Calculated Taxes

Residential – Municipal

4.99842

$1,999.36

Residential – Provincial Education Tax

2.57570

$1030.28

Residential – Dow Centennial Centre

0.19129

$76.52

Residential – Heartland Housing Foundation

0.05714

$22.86

Total Residential

7.82255

$3,129.02