Alberta government reducing education property taxes in 2027 after previous hikes

Alberta Premier Danielle Smith says her government is reducing education property taxes starting next year after it brought in successive hikes for ratepayers.

It means home and farmland owners will pay almost seven per cent less than this year while non-residential property owners will pay almost five per cent less.

Smith says the new rate will be frozen for three years so municipalities can plan with certainty.

She says it will mean almost $100 million in savings for taxpayers in the first year.