EDMONTON – Edmonton property owners can expect to see their 2016 property notices in the mail in the next few days.
Notices were mailed out Monday morning. 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 average single-family home in Edmonton, assessed at $408,000, will pay $3,266 in property taxes this year. Seventy per cent of that, or $2,302, will go towards municipal services and 30 per cent, or $964, will go to the Alberta government to fund education.
“Municipal property taxes are essential to maintain the services, programs and infrastructure that support more than 878,000 people within our growing city,” Rod Risling, manager of the City of Edmonton’s Assessment and Taxation Branch, said.
In 2016, municipal property taxes account for 56 per cent of the city’s overall operating budget. The money pays for services such as police, fire, road maintenance, transit, recreation facilities, parks and neighbourhood renewal.
In total, the city will collect nearly $1.9 billion in property taxes — $1.4 billion in municipal taxes and $454 million in provincial education taxes — in 2016.
Property owners who do not receive their tax notice by June 6, 2016 should contact the city at 311 or via email at email@example.com.