Better than expected news for you home owners on your tax bill. In December council set a 5.7 per cent increase for this year, however new money has come in, so that tax hike has been lowered to about 2.4 per cent.
Mayor Don Iveson says that’s because council decided not to use available tax room when the province reduced its education tax requisition.
“With other orders of government raising taxes and with some disruptions in the economy, again it’s not that serious for Edmonton, but certainly for some families and for some businesses, times are tough and we didn’t want to take a dime more than we needed in a year like this,” he told reporters.
“In previous years when we have used education tax room it’s been to fund high priority infrastructure issues, like road way maintenance. We were up front with citizens. We said your taxes are going to be higher by this much. The blended rate would be the same per cent we were talking about but your taxes would be higher over all in order to fund pressing infrastructure priorities. We don’t have a pressing priority in the same way this year.”
The city has already sent assessment notices. Next up the city mails property tax notices in late May, and then the deadline for paying your taxes in full June 30.