Seniors Property Tax Deferral Program - Loan Estimator


In the loan estimator below, enter your current or estimated property tax and the number of years you want to defer it. The interest rate provided is the rate effective April 1, 2020.

Note: Only simple interest is charged, not compound interest.

Loan estimator


The above deferral estimator is for demonstration purposes only and is not part of the application process. Any calculations generated do not represent approval of your application and the Government of Alberta is not bound by any estimates generated. Applicants must meet all eligibility requirements as prescribed in the Seniors' Property Tax Deferral Act and the Seniors' Property Tax Deferral Regulation.

The interest rate is subject to change. The interest rate is based on the prime rate at the time of review, which is determined semi-annually on April 1 and October 1, by the Minister of Seniors and Housing in conjunction with the Minister of Finance.

The Government of Alberta is not liable for any losses or damages arising from any errors or omissions in any information or estimates, or any action or decision made by the reader in reliance on any information or estimates generated by the deferral estimator.

This estimator uses the following assumptions:

  • A constant interest rate is used over the term of the loan. The actual interest rates may change in April and October. See the seniors home equity loan programs interest rate summary.
  • If you choose the "defer multiple year" option, then a 5% annual growth rate is applied to the annual property tax amount.