Red Deer Property Tax Rate 2026
The residential rate, what it is made of and what it costs on a home
Red Deer's 2026 residential property tax rate is 0.9729% of assessed value, down from 0.9897% in 2025 (-1.7%). A home assessed at $500,000 pays about $4,864 a year, and one at $1,000,000 about $9,729. It is the 5th highest of the 13 Alberta cities on this site, where the median is 0.9342%.
What the rate is made of
| Part | Rate | On a $500,000 home |
|---|---|---|
| Municipal | 0.7057% | $3,528 |
| Education (provincial) | 0.2643% | $1,321 |
| Seniors housing | 0.0029% | $15 |
| Total, 2026 | 0.9729% | $4,864 |
| Total, 2025 | 0.9897% | $4,949 |
It is the single-family residential rate, for houses, condos and buildings of up to 3 units.
Property tax at different home values
| Assessed value | Tax a year | A month |
|---|---|---|
| $400,000 | $3,892 | $324 |
| $600,000 | $5,837 | $486 |
| $800,000 | $7,783 | $649 |
| $1,000,000 | $9,729 | $811 |
| $1,500,000 | $14,593 | $1,216 |
| $2,000,000 | $19,458 | $1,621 |
Alberta cities compared
| City | 2026 Rate | 2025 Rate | Change | Tax on $500,000 |
|---|---|---|---|---|
| Chestermere | 0.6182% | 0.5453% | +13.4% | $3,091 |
| Calgary | 0.6650% | 0.6180% | +7.6% | $3,325 |
| Airdrie | 0.6884% | 0.6456% | +6.6% | $3,442 |
| Strathcona County | 0.7277% | 0.7409% | -1.8% | $3,639 |
| 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 |
| Red Deer | 0.9729% | 0.9897% | -1.7% | $4,864 |
| Edmonton | 1.0364% | 1.0139% | +2.2% | $5,182 |
| Lethbridge | 1.0502% | 1.0594% | -0.9% | $5,251 |
| St. Albert | 1.1077% | 1.1405% | -2.9% | $5,538 |
| Grande Prairie | 1.2166% | 1.2418% | -2% | $6,083 |
All of them, with how assessment works in Alberta, on the Alberta property tax rates page.
Red Deer Property Tax: Quick Answers
What is the property tax rate in Red Deer?
0.9729% of assessed value for a home in 2026, as described below. It is made up of municipal (0.7057%), education (0.2643%) and seniors housing (0.0029%).
How much is property tax on a house in Red Deer?
About $4,864 a year on a home assessed at $500,000, $7,297 at $750,000 and $9,729 at $1,000,000.
How is property tax calculated in Red Deer?
The city multiplies the home's assessed value by the rate: $500,000 × 0.9729% = $4,864. Alberta assesses homes every year at their market value of the July before.
Did property tax go up in Red Deer in 2026?
The rate went down 1.7%, from 0.9897% in 2025 to 0.9729%. 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: Red Deer, 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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