Canmore Property Tax Rate 2026
The residential rate, the taxes that add up to it, and a calculator for your home
Canmore's 2026 residential property tax rate is 0.4566% of assessed value, down from 0.4670% in 2025 (-2.2%). A home assessed at $500,000 pays about $2,283 a year, and one at $1,000,000 about $4,566. It is the lowest of the 27 Alberta cities and towns we cover; their median rate is 0.9395%.
Canmore property tax calculator
The 2026 assessment on your notice, the home's market value on July 1, 2025.
The tax is the assessed value times Canmore's 2026 rate of 0.4566%. Flat charges on the same bill, such as water or garbage fees, are not included.
Property tax in 2026
$2,283/yr
$190 a month
At the 2025 rate (0.4670%), the same value paid $2,335: $52 more than in 2026.
How the rate adds up
A home in Canmore pays four separate property taxes on the same bill, each set by a different government or for a different purpose. Each is a percentage of the home's assessed value; added together, they make the 0.4566% rate.
| Tax | Rate | Tax per year on $500,000 |
|---|---|---|
| Municipal | 0.1861% | $930 |
| Housing levy (Vital Homes) | 0.0013% | $7 |
| Education (provincial) | 0.2586% | $1,293 |
| Seniors housing | 0.0105% | $53 |
| Total in 2026 | 0.4566% | $2,283 |
| Total in 2025 | 0.4670% | $2,335 |
It is the rate for homes used as a primary residence; other homes, such as vacation properties, pay 0.8335%.
Property tax at different home values
| Assessed value | Tax per year | Tax per month |
|---|---|---|
| $400,000 | $1,826 | $152 |
| $600,000 | $2,739 | $228 |
| $800,000 | $3,652 | $304 |
| $1,000,000 | $4,566 | $380 |
| $1,500,000 | $6,848 | $571 |
| $2,000,000 | $9,131 | $761 |
Alberta cities and towns compared
| Canmore | 0.4566% | 0.4670% | -2.2% | $2,283 |
| Rocky View County | 0.4805% | 0.4726% | +1.7% | $2,402 |
| Fort McMurray | 0.5126% | 0.5351% | -4.2% | $2,563 |
| Chestermere | 0.6182% | 0.5453% | +13.4% | $3,091 |
| Cochrane | 0.6573% | 0.6332% | +3.8% | $3,287 |
| Calgary | 0.6650% | 0.6180% | +7.6% | $3,325 |
| Okotoks | 0.6810% | 0.6824% | -0.2% | $3,405 |
| Airdrie | 0.6884% | 0.6456% | +6.6% | $3,442 |
| Strathcona County | 0.7277% | 0.7409% | -1.8% | $3,639 |
| Parkland County | 0.7416% | 0.7192% | +3.1% | $3,708 |
| Fort Saskatchewan | 0.7909% | 0.8092% | -2.3% | $3,954 |
| Spruce Grove | 0.9020% | 0.9196% | -1.9% | $4,510 |
| Beaumont | 0.9342% | 0.9510% | -1.8% | $4,671 |
| Leduc | 0.9395% | 0.9879% | -4.9% | $4,697 |
| Stony Plain | 0.9434% | 0.9556% | -1.3% | $4,717 |
| Medicine Hat | 0.9550% | 0.9675% | -1.3% | $4,775 |
| Red Deer | 0.9729% | 0.9897% | -1.7% | $4,864 |
| Sylvan Lake | 0.9999% | 0.9813% | +1.9% | $4,999 |
| Edmonton | 1.0364% | 1.0139% | +2.2% | $5,182 |
| Lethbridge | 1.0502% | 1.0594% | -0.9% | $5,251 |
| Camrose | 1.0872% | 1.0824% | +0.4% | $5,436 |
| Lacombe | 1.0921% | 1.0842% | +0.7% | $5,460 |
| St. Albert | 1.1077% | 1.1405% | -2.9% | $5,538 |
| Cold Lake | 1.1344% | 1.1295% | +0.4% | $5,672 |
| Morinville | 1.1471% | 1.1330% | +1.2% | $5,735 |
| Grande Prairie | 1.2166% | 1.2418% | -2% | $6,083 |
| Wetaskiwin | 1.4057% | 1.4229% | -1.2% | $7,029 |
How homes are assessed in Alberta, with the same table, is on the Alberta property tax rates page.
Canmore Property Tax: Quick Answers
What is the property tax rate in Canmore?
In 2026, it is 0.4566% of a home's assessed value. It adds up four taxes: municipal (0.1861%), housing levy (0.0013%), education (0.2586%) and seniors housing (0.0105%). It is the rate for homes used as a primary residence; other homes, such as vacation properties, pay 0.8335%.
How much is property tax on a house in Canmore?
About $2,283 a year on a home assessed at $500,000, $3,424 at $750,000 and $4,566 at $1,000,000.
How is property tax calculated in Canmore?
The tax is the home's assessed value times the rate: $500,000 × 0.4566% = $2,283. Alberta assesses homes every year at their market value of the July before.
Did property tax go up in Canmore in 2026?
The rate went down 2.2%, from 0.4670% in 2025 to 0.4566%. A bill also changes with the home's assessment.
Work out your own numbers
- Property tax estimator: the tax on your home's assessed value
- Annual cost of ownership calculator: property tax with insurance, utilities and upkeep
- Understanding property taxes before you buy
- Income needed to buy a home in each city, with property tax in the monthly cost
Other provinces
Source: Canmore, 2026 tax rates; 2025 tax rates. Rates are for a residential home and include the school or education tax; flat fees on the same bill are not included.
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