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Economy

2018 Edmonton tax increase set at 3.5%

Edmonton's skyline as an extreme cold warning was in place Saturday, Dec. 30, 2017.
Edmonton's skyline as an extreme cold warning was in place Saturday, Dec. 30, 2017. Global News File

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.

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.

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