January 16, 2024
More than 400,000 property assessment notices will land in Edmonton property owners’ mailboxes this week. Property assessments are a key part of the property tax process because they determine each property owner’s fair share of taxes to support the City’s 70 programs and services, such as fire rescue, transit, police and road maintenance.
When you receive your property assessment notice:
+ Review the details on your assessment notice. Accurate information ensures you only pay your fair share of property taxes — no more, no less.
+
Check what makes up your property’s assessment value and
compare it with similar properties in your neighbourhood using the tools on
edmonton.ca/assessment.
+ If you have any questions, contact the City. Call 311 for one-on-one support. Our staff can answer most assessment-related questions with no formal complaint fees required.
“We encourage property owners to review the details on their 2024 assessment notice and compare their property’s assessed value to similar properties in their neighbourhood,” said Cate Watt, City Assessor and Branch Manager of Assessment and Taxation. “Since assessment values determine property owners’ fair share of property taxes, it’s important to review the details of your assessment. If you have any questions, please contact an assessor by calling 311.”
Property assessments reflect the City’s estimate of a property’s market value, which is the amount that a property would have sold for on the open market, as of July 1, 2023.
An assessment notice provides the assessed property value only and is not a tax bill. City Council approved a 6.6 per cent overall municipal property tax increase for 2024. Your individual property taxes may not increase by 6.6 per cent; changes to individual tax bills will depend on how your property’s assessed value changed compared to the overall change in its residential or non-residential assessment class. For more information on how assessment affects individual tax bills, watch
this video.
If you have any questions after reviewing your notice, or have not received your notice by the end of January, please contact the City for one-on-one support by calling 311. Visit
edmonton.ca/assessment for more resources, or go to
myproperty.edmonton.ca for property-specific information and to better understand your assessment.
Every year, City Council does a final review of the budget, including property tax increases, during the spring budget adjustment in April. Once the 2024 adjustment is approved, property tax rates will be confirmed and tax notices will be mailed in May.
