Medicine Hat Property Tax Calculator 2021

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The City of Medicine Hat is located along the South Saskatchewan River and is home to over 63K residents. The population of Medicine Hat increased by 5% from 2011 to 2016. The average price of real estate in Medicine Hat is $340K. Medicine Hat real estate property types consist of a mix of single-family detached homes, townhouses, apartments, duplexes, condominiums, and older homes.

Medicine Hat property tax is based on the assessed value of your home. Every year, Medicine Hat assess properties based on guidelines set by the Alberta Assessment and Property Tax Policy Unit and the Ministry of Municipal Affairs

You can calculate your property tax using either your home's assessed value or your home's most recent market price. Just enter the price and type of your property, and we will give you an instant property tax estimate.

AB Assessment Value of the Property
2020 Property Tax Value
$4,8404.84k
2020 Residential Property Tax Rate
0.968090 %

2020 Tax rates for Cities Near Medicine Hat

City Final Tax Rate
Brooks1.110340 %
Lethbridge1.139770 %
Chestermere0.766718 %
Calgary0.752230 %
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Medicine Hat Property Taxes

Property tax is a tax based on the assessed value of a property. If you own a property or parcel of land, you will have to pay property tax. It is used to pay for city services such as police, the fire department, and public transit as well as elementary and secondary education.

There are two main parts to a property tax:

  • A municipal tax that depends on the municipality of the property
  • An education tax that may change from municipality to municipality

Some cities may add additional taxes.

Property tax rates also depend on the type of property. Common major categories are Residential, Multi-Residential, Commercial, Industrial and Farmland. Almost all homes will apply under Residential property tax rates.

Residential Property Tax Rate for Medicine Hat from 2018 to 2020
YearMunicipal RateEducational RateFinal Tax Rate
20200.711520%0.246220%0.968090%
20190.673020%0.258830%0.942250%
2018 0.665630%0.252490%0.252490%
Based on city of Medicine Hat official website:check source

Medicine Hat Property Tax Department Information

For any questions or inquiries about your property tax rate or property tax bill, you can reach out to the city of Medicine Hat's property tax department through the following methods:

Phone number
403-529-8111
Email
customer_accounts@medicinehat.ca
Medicine Hat at a Glance
ProvinceAlberta
Settled Year1883
Established Year1894
Incorporated Year 1906
Population 63,260
City Area112.04 km 2 (43.26 sq mi)
Official WebsiteMedicine Hat Official Website

Property Taxes in Alberta for a $500K Alberta Assessed Value Home*

Property Taxes in Alberta for a $500K Alberta Assessed Value Home

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Assessed Value of a Property

Properties in Alberta are assessed every year by municipalities according to guidelines by the Ministry of Municipal Affairs and the Alberta Assessment and Property Tax Policy Unit. This is different from BC and Ontario where property assessments are conducted by a provincial entity. Most properties are assessed using a market value-based approach. There are three ways that municipalities can use to determine a property’s market value:

1.Sales Comparison Approach

Most properties are valued under this approach. This compares the sales of similar properties in the assessment year to determine a valuation for the property. The assessed value may not equal the actual market value or sale value of a property.

2.Cost Approach

New properties are valued under this approach. This uses the cost of the property if someone were to rebuild it to determine a valuation for the property. This includes the price of the land and the price of all improvements (e.g. buildings) on top of it. While this takes into account the market value of the land, it does not consider the market value of the property as a whole.

3.Income Approach

For properties that are dedicated to generating income like rental properties or offices, an income-based approach is used. In these cases, it may not be possible to find recent sales of comparable properties. This approach uses the income generated by the property to determine its assessed value.

Property Taxes in Alberta for a $500K Alberta Assessed Value Home*

Property Taxes in Alberta for a $500K Alberta Assessed Value Home

How We Calculate Your Property Tax

If you entered your home's Provinical Assessment value, we calculate your property tax by multiplying your Assessment value by Medicine Hat's final property tax rate.
Medicine Hat Property Tax vs Asking Price
This calculator is provided for general information purposes only. This calculation may not include any special charges, levies or fees. Results are approximations only. For official and the most up-to-date information, please see your porerty tax bill or contact the relevant taxation authority of your region.