Edmonton’s City Council has voted to increase municipal property taxes by 5.7 percent.
Council approved the rate during a review of its budget, and passed the increase in an April 30 meeting.
The increase will see homeowners pay about $763 in taxes for every $100,000 of assessed home value. That amount is $51 more than in 2024.
“Property taxes in 2025 will generate more than $2.2 billion to help fund the 70 City services Edmontonians use every day, including emergency services, parks, trails, roads, bridges, transit, recreation centres, attractions and social supports,” the city said.
It estimated a property that has an assessed value of $465,500 will pay about $296 each month in municipal taxes.
About a quarter of property taxes in Alberta go toward supporting public and separate schools, which works out to about $98 per month, the city said.
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It said the increase was approved as part of continuing efforts to tackle “budget challenges.”
“Inflationary pressures, rapid population growth and Edmontonians’ changing service needs have made service delivery much more expensive than forecasted when the four-year budget was developed and approved in 2022,” the city said.
Edmonton city council’s decision comes just over a month after the City of Calgary announced it was raising property taxes by 8.9 percent
Calgary council made the decision on March 18, and said it was due to the provincial government’s budget plan to collect more money from property taxes to cover increasing education costs.
The City of Edmonton property tax notices will be sent out on May 23. Property taxes are due on June 30.
