The Alberta government is increasing its property tax

The provincial property tax (i.e. education requisitions) is going up to help pay for schools. While this is a tax from the Alberta government, it is collected by the Town on your municipal property tax bill. The Town has no control over this tax, but we have to collect it for the province.

Between 2025 and 2027, the Government of Alberta plans to increase provincial property taxes by almost $1 billion, bringing the total provincial tax on property owners to $3.6 billion. These increases are part of the Alberta government’s new plan for provincial property taxes to cover one-third of the cost to run Alberta’s K-12 schools.

What does that look like in Okotoks?

• In Okotoks, the provincial education tax was 23% in 2025, which was much higher than the provincial average.
• That meant the province collected $3.824 million more in taxes from Okotoks property owners than the previous year.

The graph below shows how education requisitions have increased considerably over the last 2 years in Okotoks:

How much do you pay in provincial property taxes?

On average, almost one-third of property taxes on homes in Alberta is a tax by the Alberta government. The other two-thirds is the municipal property tax that is set by Okotoks Town council to pay for services in our community, like roads, recreation, fire, and policing.