April 25, 2017
City Council set Edmonton’s property tax rates for 2017 to reflect a 2.8% municipal budget increase. Due to education tax changes and assessment valuation fluctuations between property tax classes, this will work out to a 3.3% overall increase for the typical single-family home and a reduction of about 2.6% to apartment buildings. The average overall increase to commercial and industrial (non-residential) property is 2.9%. To see the average tax change, a property owner would have experienced the average market change of -2.8% in residential, -8.4% in apartment buildings and -5.2% in non-residential.
“Property taxes enable the City to provide Edmontonians with a full range of services they use and depend on every day,” says Rod Risling, Manager, Assessment and Taxation.
“For about $6.50 a day in municipal property taxes, the average homeowner receives a range of benefits: from essential services such as police, firefighters, roadway maintenance and public transit to the services that make Edmonton so special, such as North America’s best parks, libraries and top-notch recreation centres.”
For a typical house valued at $397,000, the property taxes will amount to about $3,378 a year, consisting of about $2,385 for municipal programs and services and $993 for the provincial education tax.
Breakdown for typical single-family house ($397,000 in 2017):
The 2016 property tax amounts were based on what the typical property would have paid in 2016 if it realized the average market value change of -2.8%.
Tax notices will be mailed to all property owners May 23, 2017. The deadline to pay taxes is June 30, 2017.