If suggested amendments to Edmonton’s 2020 budget go ahead, property owners could be paying less in property taxes than they did last year.
In December, city council was recommending a 2.08 per cent tax increase for 2020. Now, in response to the COVID-19 pandemic, city management is suggesting Edmonton introduce a 1.4 per cent property tax increase. “We understand everyone is struggling,” Mayor Don Iveson said on Thursday.
However, factoring in the announcements from the province in March about cancelling the increase to the education tax as well as the deferring the provincial portion of the municipal tax, the tax rate would dip below last year’s number.