Red Deer Property Tax 2026 — Mill Rate 0.9250%

What is Red Deer's 2026 property tax rate?

Red Deer's 2026 residential mill rate is 0.9250% (0.00925000 as a decimal). On a $360,000 home this works out to $3,330 per year, or roughly $278 per month if your lender holds the tax in escrow. Source: https://www.reddeer.ca/city-services/property-assessment-and-taxes/your-property-tax/, last verified 2026-04-29.

When are Red Deer property taxes due?

Red Deer's 2026 property tax notice is due Last business day in June. Red Deer publishes its due date as a rule rather than a literal date. Tax notices are mailed in late May, covering the Jan 1 - Dec 31 calendar year. Penalty on current and arrears balances is applied twice a year, the first time on July 1. Source: https://www.reddeer.ca/city-services/property-assessment-and-taxes/your-property-tax/understanding-your-property-tax/, last verified 2026-08-27. Most lenders collect property tax monthly through PITI escrow rather than waiting for the city's due date.

How is my Red Deer home assessed?

Your tax is calculated as assessed value × mill rate, not market value × mill rate. Alberta uses a public assessment authority (BC Assessment, MPAC in Ontario, etc.) to set assessed values, usually updated every 1-4 years. Assessed value typically lags market value, so the same mill rate produces different effective burdens depending on assessment cycle timing.

Are Red Deer property taxes deductible on my income tax return?

Property tax on your principal residence is NOT deductible federally or provincially. It only becomes deductible when the property generates rental income (line 9180 on T776) or self-employed business income (CCA / business-use-of-home on T2125). For a principal residence, the tax is a non-deductible cost of ownership.

Why does Red Deer's mill rate differ from neighbouring cities?

Each Canadian municipality sets its own residential mill rate to fund local services — police, fire, transit, parks, road maintenance — plus a provincially-set education portion. Cities with higher assessed values can raise the same revenue at a lower mill rate (Vancouver, Toronto), while cities with lower assessed values often need higher rates to fund equivalent services. Compare Red Deer with other Alberta cities in the table above.