Through Budget 2027, Alberta’s government will introduce one fair and stable provincial education property tax (EPT) rate that will be locked in every three years, so every Albertan and municipality can better plan for the years ahead. The new standardized EPT rate will cut taxes paid by Albertan property owners, delivering estimated overall savings of $98.7 million in 2027-28.
Starting in 2027, municipalities will apply the new provincial education property tax rates to assessed property values, simplifying how the provincial portion of property taxes is calculated. To support and protect Albertans in communities where the new provincial rate may be higher than their current local rate, Alberta’s government will be providing a one-time transition tax credit in 2027 to help families adjust and limit the impact on household finances.
“Albertans asked for a tax system they can count on, and Budget 2027 will deliver exactly that. We’re reducing the education property tax rate, freezing the rate for three years, applying it fairly to residents and businesses in all municipalities, and giving greater certainty. By reducing and locking in provincial rates, we’re making it easier for Alberta municipalities to plan and budget with confidence.”
“We are giving Albertans and municipalities a clear rate they can plan around and helping put more money back in families’ pockets. Locking in one rate for three years brings discipline and certainty to how this tax works, and it means stable, sustainable funding for classrooms across the province.”
Municipalities will continue to collect the provincial EPT through their regular property tax bills to provide funding for Alberta’s education system. More information on rates, detailed calculations and municipal guidance will be shared before municipalities adopt their 2027 tax bylaws.
“No matter where Albertans call home, they should be able to count on a fair and consistent approach to education property taxes. Applying the same provincial rates across municipalities will create a more consistent system and ensure Albertans are treated fairly, regardless of where they live.”
“I welcome this change that simplifies the process for calculating the province’s education property tax while also providing more transparency to Edmontonians.”
“This is great news for Calgarians and all Albertans. Giving taxpayers certainty is critical, especially in a time of challenging inflation and rising costs. This means stability and predictability for Calgarians, and for City Hall. Knowing these numbers before we get into our budget debate provides clarity that will help us deliver for Calgary’s priorities.”
Through Budget 2027, Alberta’s government will continue to support families, build strong communities and work collaboratively with municipal partners to deliver results across the province.
Quick facts
- Provincial education property tax rates will be set at $2.65 per $1,000 of assessment for residential and farmland properties.
- The non-residential rate is subject a 1.5 multiplier for a rate of $3.98.
- The education property tax provides Alberta’s education system with a stable and sustainable source of revenue.
- The tax supports all public and separate school students and helps pay for basic instruction costs, including teacher salaries, textbooks and other classroom resources.
- Municipalities collect the education property tax from all property owners in Alberta.