Seniors Property Tax Deferral Program

THINK OUTSIDE THE BOX:  If you or someone you know is 65 or older, residing in Alberta and find the return on your investment has decreased with rates being so low for so long, making it harder to have the necessary cash flow to pay your property taxes annually, this government initiative may be a solution.  Alternatively, did you know you can sign up with your local municipality and have your property taxes automatically taken from your bank account on a monthly basis versus having to come up with the full amount annually?

The Seniors Property Tax Deferral Program (SPTDP) allows eligible senior homeowners to defer all or part of their property taxes through a low-interest home equity loan with the Alberta government.

How it works

Loan Calculator

The Seniors Property Tax Deferral Program charges simple interest. This means you only pay interest on the original amount of your loan.

Use the Loan Calculator to estimate your loan charges for the SPTDP.

If you qualify, the Alberta government will pay your residential property taxes directly to your municipality on your behalf. You re-pay the loan, with interest, when you sell the home, or sooner if you wish.

The Seniors Property Tax Deferral Program is voluntary, so it’s up to you whether you want to apply.

As with any important financial decision, you may wish to consult with your family or a financial adviser to decide whether this program is right for you.

Eligibility

To qualify for the Seniors Property Tax Deferral Program, you must:

  • Be 65 years or older 
  • Be an Alberta resident 
  • Own a residential property in Alberta 
  • Have a minimum of 25% equity in your home

Only residential properties are eligible. The home must be your primary residence (that is, the place where you live most of the time).

Apply

Apply today for the Seniors Property Tax Deferral Program and free up money for other household priorities or expenses.

Fill out an application form

Application deadline

To avoid late penalties, we must receive your application at least 30 days before your municipal property taxes are due.

  • For example, if your taxes are due on June 28, we must receive your application by no later than May 31. This allows time for us to process your application and pay your property taxes directly to your municipality on your behalf.

Mail your completed application form to:

Seniors Property Tax Deferral Program
PO Box 1200
Edmonton, Alberta T5J 2M4

Late application

You can apply at any time of year. If you miss your municipal property tax deadline, however, you will be responsible for any late charges. You can choose to pay those charges directly to the municipality or you can have these charges added to the amount of your loan.

Outstanding property taxes

If you owe money from previous years’ property taxes, you can still apply to the Seniors Property Tax Deferral Program, as long as you have a minimum of 25% equity in your home.

Questions? Need assistance?

For additional information, see:

Or call the Alberta Supports Contact line at 1-877-644-9992 (780-644-9992 in Edmonton).

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