6.6%: Edmonton approves tax hike of about $17/month for average homeowner
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Property tax bills won't be as high as initially feared – thanks to some modest hacking and slashing by city councillors – but Edmontonians will still have to pay more next year.
Property tax bills won't be as high as initially feared – thanks to some modest hacking and slashing by city councillors – but Edmontonians will still have to pay more next year.
Just before noon Tuesday, Edmonton city council approved a 6.6 per cent tax raise for 2024, down from the 7.09 per cent that was proposed by city administrators.
Councillors met for several days as part of the fall budget adjustment process – which also foresees a 5.3 per cent increase in 2025 and 4.7 per cent in 2026.
"Making budget decisions is challenging at the best of times, let alone in the middle of an affordability crisis," Mayor Amarjeet Sohi said.
"But we must maintain city core services, make investments that help support our city as it continues to grow and make it one of the best places in Canada to live."
Sohi said the increase in 2024 will amount to $17 more a month for people who own an average home.
The tax bill that owners receive is based on the value of their home, and assessments are sent in January, but the city said people should expect to pay $747 for every $100,000 of home value.
