The Tax Man Cometh: Edmonton's Property Tax Structure and How It Affects You
Posted by Sarah MacDonald on
To paraphrase Daniel Defoe and, to a lesser extent, Benjamin Franklin: there are no certainties in this universe other than death and taxes. Similar to income tax, the amount of property tax a household pays depends on different variables. Geographic location and the value of real estate are some of the issues that must be considered when deciphering how Edmonton's property tax structure affects your finances.
Composition of Property Taxes in Edmonton
The biggest portion of your annual Edmonton property taxes is calculated according to the budget set up by City Council every year. This portion typically makes up 68 percent of your property taxes. Another significant portion of your property tax is determined according to the Alberta government.…
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