Homeowners in Edmonton began receiving their 2018 property assessment notices in the mail at the beginning of the year.
By now, everyone should have received one and have a clear idea of the assessed value of their property.
This is important because this value determines the property taxes that must be paid.
Property assessments in Edmonton were fairly stable this year, with an average increase of less than one per cent compared to last year.
The one exception was single-family detached homes in neighbourhoods along the river valley like Windsor Park, Quesnell Heights, Glenora and Oliver.
You can look up different property assessments on the City of Edmonton’s website to compare different 2018 property assessments.
In order to assess the value of the property, a number of key factors such as location, size, land surface, age and condition of the building are taken into consideration.
A large increase in property assessments does not always translate into a corresponding increase in property taxes, however. It also takes into account changes relative to your community.
Property taxes in Edmonton make up about half of all revenue that the City receives.
It helps fund essential services like police, fire fighting and emergency rescue. They also support community programs, recreation centres, public libraries, parks and much more.
Property taxes bills arrive in May and must be paid by June 30.
They can be paid in multiple ways; in person, online banking, credit card or cheque. You can set up a Property Tax Monthly Payment Plan to avoid paying them all at once.
Assessments can be appealed up through a customer review period until March 12, 2018. A complaint can be made online or in person about property assessment, but you cannot appeal your property tax bill.