The Seniors Property Tax Deferral program was introduced in response to concerns raised by seniors about year-to-year increases in their property taxes. This program allows eligible senior homeowners to defer all or part of their property taxes through a low interest home equity loan with the Alberta Government.
If you qualify for the Seniors Property Tax Deferral program, the Alberta Government will pay all or part of your property taxes on your behalf through a low-interest, home equity loan. You repay the loan with interest when you sell your home, are no longer eligible or at any time you choose. The Seniors Property Tax Deferral program is voluntary and homeowners must apply.