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Alberta & Prairies  + Finance  | 
Edmonton skyline.

Edmonton City Council Approves 8.9% Property Tax Hike

Edmonton city council has approved an 8.9% property tax increase.

The hike covers commercial and residential properties. Councillors voted unanimously in favour of the increase, which was higher than the 6.6% boost initially approved in the fall of 2023, CTV reported.

“We are not permitted by law to budget for a deficit, and to reject this latest increase and go back to the 6.6% from the fall would have created that deficit,” Coun. Tim Cartmell told CTV. “We were pretty much sucked in and having to support this for now, but not forever.”

Cartmell and numerous other councillors appeared reluctant to support the city’s spring operating budget, despite passing it unanimously, according to CTV.

“If we were focused on our political careers, we should just say no, but I don’t know how we say no,” Coun. Andrew Knack told CTV. “Even with this increase, we are not keeping up with the sheer volume of people who have moved in, so this is a pretty massive challenge.”

Mayor Amarjeet Sohi told CTV that the increased property tax revenue will help the city pay for more services, including the new Metro Line to the NAIT (Northern Alberta Institute of Technology) increased bus service, and a bigger homeless camp response.


Inside The Story

Tim CartmellAndrew Knack

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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