| Share | Rate | On $900,000 |
|---|---|---|
| Municipal | 0.30% | $2,727 |
| Education | 0.28% | $2,528 |
| Seniors housing | 0.01% | $102 |
| Total | 0.60% | $5,356 |
| City | Rate | On $900,000 |
|---|---|---|
| Rocky View County | 0.48% | $4,324 |
| Wood Buffalo | 0.51% | $4,613 |
| Leduc County | 0.60% | $5,356 |
| Chestermere | 0.62% | $5,564 |
| Foothills County | 0.63% | $5,657 |
Alberta levies no land transfer tax, provincial or municipal. At closing there are two Land Titles registration fees: $50 plus $5 for each $5,000 or portion thereof of the land value, and the same on the mortgage principal.
On a $900,000 building financed at 80%, that comes to $1,720 in all. Bought with cash, the same building costs only $950: the second half of the line follows the mortgage, not the price. For comparison, the same building in Vancouver would pay a five-figure transfer tax. So what sets Leduc County apart from its neighbours is not closing costs: it is its property tax rate.
Leduc County does not divide its residential class: a duplex, a triplex and a fourplex are all taxed at the same rate, 0.60%. That is not the case everywhere in Alberta, where each council decides, and where a fourplex changes rate in Edmonton, Red Deer, Lethbridge and Stony Plain.
Leduc County's rate is 0.60%. On a $900,000 plex that is $5,356 a year.
No. Leduc County does not divide its residential class: a duplex, a triplex and a fourplex are all taxed at the same rate, 0.60%.