Each year, the City reviews how much money it takes to pay for municipal programs and services that are necessary to maintain and enhance Edmonton’s high standard of living.
This budget process allows City Council and Edmontonians to identify where the money is needed most and helps determine the budget to meet those needs. As part of this process, the City considers where the money to cover municipal programs and services comes from. One of the revenue streams for any municipality in Canada is property taxes.
Property taxes in Edmonton account for approximately half of all revenue that the City receives. They help pay for various municipal services such as:
- police and fire protection
- road maintenance and snow clearing
- parks and swimming pools
- public transit
- neighbourhood infrastructure
To ensure that all Edmonton property owners pay their fair share of property taxes, the City follows the guidelines established by the provincial government and uses a property assessment process.
Ultimately, property assessment and taxes contribute to the financial stability of our community and support the quality of life Edmonton has become known for.