Leduc sees increase in assessed property values

LEDUC -- Newly revealed data for the City of Leduc shows a substantial rise in assessed property values.

At their regular Council meeting on Feb. 2, 2026, Leduc's Director of Finance Lauren Padgham presented the City's 2025 Assessment Update. The report outlined the latest assessed values for residential and non-residential properties in the municipality. In total, 16,965 properties were assessed, marking an increase of 1,370 properties from the previous year.

Padgham says that the assessed value of all residential properties, including single-family homes, condos, and multi-family properties, has risen by 13.8 per cent. Of this, 8 per cent of was driven by inflation, while 5.8 per cent was driven by growth. For single-family homes specifically, there was a median increase of 8.1 per cent from 2024 to last year.

"For a single-family home, we saw in 2025 the assessed value increase to $442,000 versus $409,000 in 2024," said Padgham. "That's an increase, an inflationary market value increase, of 8.1 per cent."

For condominiums, the median assessed value rose by 7.7 per cent from 2024 to last year, going from $194,000 to $209,000. Multi-family properties saw less of an increase, going from $958,000 in 2024 to $999,000 last year, for an inflationary increase of 4.3 per cent. It's also noted in the report that the City of Leduc's 957 non-residential properties also saw a rise in assessed value.

"On non-residential, the increase on the entire assessment class was $126,000,000, or 4.9 per cent," said Padgham. "On growth, we had 1.6 per cent, and inflation market value 1.3 per cent."

The City of Leduc sent its 2026 property assessment notices to property owners on Jan. 29, 2026. They remind residents that the assessment notice is not a property tax bill. Property taxes are calculated after Council sets the residential property tax rate in April, as property tax notices are then mailed to property owners in May.

The deadline to appeal your assessed property value has been set for April 7, 2026.