Every January, Edmonton mails out property assessments for both municipal and provincial taxation purposes. The assessment reflects the estimate market value — essentially how much it would sell on an open market.
The tax rate is calculated by dividing the city’s budgetary needs by the number of properties assessed. As an individual homeowner, you then pay a share of that tax based on the rate and the assessed value of your property.
This means that the amount of tax you pay each year can fluctuate based on the assessed value of your home or the city’s budget.
If you disagree with the assessment, it’s possible to dispute it.
Before reaching out to the city, check the factual information on record, review your assessment, and compare your…