Budget and Taxes
City Budget
In the spring of 2009, Council and administration worked together to plan the 2010 budget process. Council established budgeting principles and a target of a 3% tax increase for civic programs, boards and authorities, plus 2% for the continuation of the Neighbourhood Renewal Funding Program .
City Council approved a budget in December with the 3% tax increase for services and 2% to pay for the renewal and long-term maintenance of infrastructure in Edmonton neighbourhoods.
Council and City Administration started working on the 2011 budget in early 2010, and will set a tax target in March. The 2011 budget will be set in December 2010.
Assessment Notice mailed in January
The City mails all notices of property value assessment in January. This notice helps you estimate your annual taxes. Your property's assessed value determines your share of total City taxes collected. Always check your assessed value to make sure it looks accurate. The assessment notice can be changed, if supported by the City, or appealed before the March 5 deadline. Your tax bill cannot be appealed.
Your Tax Bill comes in May
The City receives the Provinicial Education Tax requisition in early spring, which is also added to your property tax bill. The City makes final budget calculations in March/April to adjust for any forecast changes in revenue for the year ahead or costs that were not identified in December. Your tax notice is sent in late May and tax payment is due by June 30. You can register for the monthly payment plan to spread the cost over the year.
Your final tax bill is mainly determined by the size of the City budget, the Provincial Education Tax, any local improvement charges for your neighbourhood or street, and your property's value relative to the total value of all properties in Edmonton.
