Zoocasa has released a new blog post showcasing the affordability of property taxes for 25 municipalities around Alberta.

How does Cochrane stack up?

Canmore, Chestermere and Calgary locked in the top three spots.

Cochrane has ranked as the fourth most affordable.

For a home assessed at $500,000, a Cochrane homeowner pays approximately $3,249 in property taxes, while a Calgary homeowner pays $3,243. Canmore comes in as the most affordable with a cost of only $2,307.

Related Stories:

• 3.63% residential tax increase approved by council.

• Cochrane tax bills in the mail this week

“Generally, property taxes tend to be higher in less populated areas because there are fewer residents to share the overall cost of maintaining essential services. With this in mind, Zoocasa compiled the 2024 residential property tax rates for 25 cities in Alberta, using data sourced from each municipality’s website,” reads the blog post.

When it comes to comparing Cochrane to different communities in central and northern Alberta, the numbers jump considerably.  

“With a population of 12,594 (according to the latest estimates from Stats Canada), Wetaskiwin is the smallest city in the province. It also has the highest property tax rate of the 25 cities we analyzed.”

“For a home assessed at $250,000, this results in a property tax bill of approximately $3,335, and for a home valued at $500,000, the tax bill doubles to $6,671.”