April 10, 2018 6:41 pm

2018 Edmonton tax increase set at 3.5%

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

Global News File
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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.

© 2018 Global News, a division of Corus Entertainment Inc.

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