City sends property assessment notices to more than 430,000 owners

Property owners in Edmonton have received their annual property assessment notices, reflecting the city's estimated property values as of July 1 of the previous year. The city issued over 430,000 notices, which will influence monthly tax payments starting in July. A 6.1% property tax increase for 2025 has been approved by the city council. The median assessed value for homes is $465,500, leading to an annual tax bill of $3,550. A final budget review is scheduled for April to confirm the municipal tax levy.