Property tax Goes up in Edmonton

Posted on Sunday, July 12th, 2015 at 11:16pm.

Property taxes in Edmonton account for approximately half of the City's revenue to pay for services such as:

  • Police and fire protection,

  • Road maintenance and snow clearing,

  • Parks and swimming pools,

  • Public transit and

  • Neighbourhood infrastructure.

As a property owner in Edmonton, you receive a property tax notice every May. It indicates your share of municipal and education property taxes and the due date for payment.

What is the current tax rate?

This year, an average single-family home, assessed at $401,000, will pay $3,108 in property taxes.

While in December the City Council had planned to increase the rate by 5.7 percent. In April when the tax rates were declared, house owners were pleased to know that the rates have been increased by 2.1 percent for the average single family homes and an average increase of 7.6 percent for non residential properties.

In 2015, municipal property taxes account for approximately 56% of the overall City operating budget and enable the City to continue to provide Edmontonians with services such as police, fire, road maintenance, transit, recreational facilities, parks and neighbourhood renewal.

Let's talk a little on property assessment...

The annual property assessment notices reflect the status and physical condition of property--what structures and finish the building had--as of December 31 of the year prior to the taxation year. Every year, the City assessor's capture the conditions of Edmonton's real estate market as of July 1. Then, they review and analyze the data received throughout the year from different sources to establish most probable value your property would have sold for on the open market.

The criterias for assessing your home are similar to what real estate agents make use of, such as:

  • Style of home (for examples, bungalow or bi-level)

  • Size of lot

  • Size of home

  • Year built

  • Basement or lower level finish

  • Garage (for example, size, detached or attached)

  • Building condition

  • Type of roof

  • Fireplaces, air conditioning or other special features

  • Neighbourhood

  • Locational factors (for example: proximity to golf courses, lakes, parks, river valley, commercial development and high traffic routes)

The City uses the assessed value of your property to calculate the amount of provincial education and municipal property taxes you pay in proportion to the value of the real estate you own.

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