Edmonton property assessment notices will be mailed on January 14 giving a clearer picture of property tax amounts for 2022

Content of the article

Edmontonians will soon be discovering the value of their property again to get a better idea of ​​the taxes they will have to pay in June.

Content of the article

Property assessment notices will be sent out by the city on January 14, a few weeks later than the usual deadline to ensure that assessment information does not get lost during the busy post-vacation period.

These notices will show homeowners how the value of their property has changed over the past year, reflecting market values ​​based on July 1, 2021. Municipal appraisers conduct this process annually to ensure residents and businesses pay their fair share of property taxes in 2022.

“We encourage all homeowners to review their appraisal values ​​and to contact us if they have any questions or concerns,” said Cate Watt, manager of the city’s appraisal and tax branch, said in a press release Wednesday morning.

Once the notices are received, Edmontonians can file a formal complaint about their appraisal value until March 23. Property tax details will be sent in May once the Government of Alberta establishes the provincial school tax amount and the final mile rate is set.

Content of the article

Edmonton City Council approved a 1.91% tax increase for 2022 during the fall budget adjustment, but not all residents will see their tax bill change by that amount. Those with a change in taxable value similar to the average will see a tax increase similar to the 1.91 percent council approved.

But for properties with an above-average increase in estimated value, those residents will see a higher tax increase. In contrast, for properties whose assessed value changes less than the average, the tax increase will be less than the approved rate.

In last year’s valuations, residential property values ​​fell for the fifth year in a row, dropping 2.7%. The typical single-family home was valued at $ 380,500, with those residents paying around $ 2,669 in property taxes. Non-residential properties were the hardest hit with a 7.6% drop.

More details on this year’s appraisal data and property values ​​will be presented by the city on January 14. Rating information can be found on the city’s MyProperty website.

[email protected]

twitter.com/dustin_cook3



Source link

Comments are closed.