kbh-heading-puzzle-piece

On April 29, 2020, Edmonton City Council confirmed that the combined tax levy for municipal and education property taxes will be 0% for residential property owners and a 2% decrease for non-residential property owners. Each property owner will experience a unique tax change based on how their assessment value changes compared to the overall assessment change for the tax class. Generally, about half of property owners will see higher increases, while the other half will see lower increases or even decreases.

For example, under the approved 2.5 municipal tax rate for residences will be largely offset by a significant reduction to the province’s education tax portion this year. A typical single-family home in Edmonton valued at $387,000 will be issued a levy of $3,609, which is a 0.8% decrease from 2019, for a savings of $28. Residential properties with four or more dwellings under one owner, such as apartments, will be hit the hardest due to the rise in assessment values and face an average increase of 6.3%

Property tax notices will be mailed on May 21 and are due in June, but this year, late payment penalties on unpaid taxes will not be charged until September 1, 2020. This applies to both the education and municipal portions of the tax bill for residential and non-residential properties.

margin-puzzle-decorations