BACKGROUNDER

Edmonton2016PropertyAssessmentNotices
HowmanypropertiesdidtheCityassess?
TheCityofEdmontonassessed376,560properties:

352,567residentialproperties

23,993nonresidentialproperties(includesapartmentbuildings)

Whydidtheassessedvaluesofsinglefamily,detachedhomesincrease?
Between2014and2015,EdmontonslabourmarketoutperformedCanadasaverageduetostronggainsin
employmentandincomes,whichledtopositivelevelsofnetinmigration.Thisgoodeconomicfoundationtogether
withlowmortgageratessupporteddemandforhousinginEdmonton,whichresultedinanincreaseinmarketvalues
acrossmostpropertytypes.
TheEdmontonRealEstateBoard(EREB)andtheCanadaMortgageandHousingCorporation(CMHC)tracklocal
realestatemarketconditions.TheEREBreportedthatthepriceofanexistingsinglefamilyhomeincreased2.4%
betweenJuly2014andJuly2015,whiletheCMHCreportedanincreaseof2.9%foranewsinglefamilyhome.

WhatisthetotalassessedvalueofallpropertiesinEdmonton?
ThevalueofalltaxableassessedpropertiesinEdmontonnowstandsat$172.3billion
$115.6billionforresidential
propertiesand$56.7billionfornonresidentialpropertiesandapartmentbuildings
anincreaseof4.2%overallwhen
comparedto2015.

Whatistheassessmentchangebypropertytype?

Singlefamilyhomes
Condos,townhouses
Apartmentbuildings
Commercial/Industrial

+1.7%
+4.8%
+9.0%
+0.7%

Whatistheassessmentchangeinthelastfiveyears?
Thefiveyearannualchangeinmedianpropertyassessmentfortypical
singlefamily,detachedhomes
inEdmonton
is+2.2%:

2016
2015
2014
2013
2012
+1.7
+7.1%
+2.5%
+1.3%
1.7%

WhichneigbourhoodswithintheCityexperiencedthelargestchangesinassessed
values?
Dependingonsalesandthephysicalstateofrealestate,notallpropertiesandneighbourhoodsreflecttheaverage
changeinassessedvaluesfromyeartoyear.However,overalongerperiodoftime(forexample,fiveyears)trends
havedemonstratedthatallneighbourhoodschangeinvaluebyapproximatelythesameamount.
Thefivecommunitiesinwhichtheaverageassessed
valueforsinglefamilyhomes
increasedthemost
Asof
Fiveyear

July1,2015

averagechange

Thefivecommunitiesinwhichtheaverageassessed
valueforsinglefamilyhomes
decreasedthemost

Asof
July1,2015

Fiveyear
averagechange

Homesteader
5.4%
2.4%
Athlone
6.8%
1.3%
Lynnwood
4.6%
2.0%
Kensington
6.4%
1.1%
McConachieArea
4.4%
3.8%
Edgemont
6.3%
N/A
TerraceHeights
4.4%
2.5%
QueenMaryPark
6.0%
2.3%
Chambery
4.2%
3.1%
Killarney
6.0%
1.0%
Thedetailedbreakdownonaverageassessmentvaluesisavailablethroughthe
AssessmentChangereports
.

Howdochangesinpropertyassessmentsaffectpropertytaxes?
TheCityusesassessedvaluesofpropertiestocalculatetheamountof
municipal
and
provincialeducation
propertytaxespropertyownerspayinproportiontothevalueoftherealestatetheyown.Achangeinassessed
valuesaffectspropertytaxesinthefollowingmanner:

BACKGROUNDER

Averageassessedvalueincrease=averagemunicipaltaxincrease
Ifthepropertysassessedvalueincreaseissimilartotheaverage,citywideassessedvalueincrease,the
propertyownerwillseeataxincreasethatissimilartotheaveragemunicipaltaxincrease.

Higherthanaverageassessedvaluechange=higherthanaveragemunicipaltax

increase
Ifthepropertysassessedvalueincreasedbymorethantheaverage

assessedvalueincrease,theproperty
ownerwillseeagreaterthantheaveragemunicipaltaxincrease.

Lowerthanaverageassessedvaluechange=lowerthanaveragemunicipaltaxincrease
Ifthepropertysassessedvalueincreasedbylessthantheaverageassessedvalueincrease,thepropertyowner
willseeataxincreasethatislessthantheaveragemunicipaltaxincrease.
Tolearnmoreaboutthepropertyassessmentprocess,watchour
videos
.

Whatwilltheimpactbeonatypicalhomeowner?
TheCitysbudget,passedinDecember2015,callsfora3.4%increase.

Thismeansthatthehomeownerofatypical$408,000homewillpayapproximately$2,339inmunicipalproperty
taxes$77moreperyearor$6.42morepermonth.

ThefinaltaxratewillbesetinMaywhenthemunicipalbudgetisconfirmedandtheGovernmentofAlberta
establishesitsbudgettofundtheprovincialeducationsystem.

Whatcanpropertyownersdoiftheydonotagreewiththe2016assessedvalueoftheir
property?
Onlineresources
Propertyspecificassessmentdetails
TheCitys
securesiteforpropertyowners
givespropertyownersaccesstoreportsonphysical
characteristicsandassessmentdetailsoftheirpropertiesandsalesinformationofpropertiessimilarto
theirs.

Maps
TheCitys
maps
helpreviewbasicassessmentinformationaboutEdmontonpropertiesandseewhat
municipalfacilitiesandservicesareavailablewithinvariousneighbourhoods.

Oneononesupport
Ifpropertyownershavecomeacrossanerrorintheirpropertiesassessments,theyshouldcontacttheCity
first.Mostassessmentrelatedconcernscanberesolvedbyspeakingwitha311agentorassessorwithno
formalcomplaintfeesrequired.

Call:
311
Email:
assessment@edmonton.ca
Formalcomplaint
Ifpropertyownersdisagreewiththeirproperty'sassessment,theycanfileaformalcomplaintwith
the
AssessmentReviewBoard
nolaterthanMarch11,2016.

Whenwillthe2016propertytaxnoticesbemailed?
TheCityofEdmontonwillmakefinalpropertytaxcalculationsinthespringof2016,aftertheGovernmentofAlberta
establishesitsbudgettofundtheprovincialeducationsystem.
TaxnoticeswillbemailedinMay2016withadeadlineforpaymentofJune30,2016.