| Share | Rate | On $900,000 |
|---|---|---|
| Municipal | 0.66% | $5,965 |
| Education | 0.27% | $2,423 |
| Seniors housing | 0.01% | $102 |
| Total | 0.94% | $8,490 |
| City | Rate | On $900,000 |
|---|---|---|
| Beaumont | 0.93% | $8,407 |
| Leduc | 0.94% | $8,456 |
| Stony Plain | 0.94% | $8,490 |
| Devon | 0.94% | $8,492 |
| Medicine Hat | 0.96% | $8,595 |
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 Stony Plain apart from its neighbours is not closing costs: it is its property tax rate.
Stony Plain divides its residential class at 4 units: above that, the building moves into the “Other Residential” sub-class. In 2026 the two rates are identical, so the switch costs nothing this year. The structure exists all the same, and nothing guarantees it stays harmless at the next vintage.
Stony Plain's rate is 0.94%. On a $900,000 plex that is $8,490 a year.
Yes. At 4 units and above, Stony Plain classes the building as “Other Residential” and taxes it at 0.94% instead of 0.94%.