Edmonton residents in for a big hike in property taxes
EDMONTON — Edmonton homeowners will experience a 4.1 per cent increase in property taxes this year, and non-residential properties will see a 2.1 per cent increase.
The 2016 property tax rates were set Thursday by city council.
An average house valued at $408,000 will pay $3,265 in property taxes. Of that, $2,302 will go towards municipal programs and services and $963 towards the provincial educational tax.
Property taxes help pay for a range of services including emergency services, roadway maintenance and public transit.
The increase is partly due to a lack of MSI funding the city was hoping to get from the province.
Tax notices will be mailed out May 24, with the deadline to pay being June 30.
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