2018 Edmonton tax increase set at 3.5%

Taxes will be going up by 3.5 per cent this year in Edmonton, after city council approved the hike on Tuesday.

For a typical Edmonton home worth $397,000, the tax hike translates to an increase of $83 per year, to $2,468.

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The 3.5 per cent increase breaks down as follows:

• 1.4 per cent for neighbourhood renewal
• 0.6 per cent for Valley Line LRT
• 1.5 per cent for municipal services (one per cent directly for the Edmonton Police Service)

“Property taxes enable the city to provide Edmontonians with a full range of services people use and depend on every day,” said Rod Risling, branch manager of assessment and taxation.

READ MORE: Edmonton property values largely hold steady in 2017

Tax assessments will be mailed out in May and due at the end of June.