Edmonton Property Taxes to Rise an Average of 3.85% in 2011
Posted by Chris Proctor on
As reported by the Edmonton
Journal, most Edmonton home owners are in for a jolt when they receive their 2011
tax assessments from the City of Edmonton. That’s because after two years of
declining prices, Edmonton’s 2010 property value assessments jumped an average of 9%.
Overall, the City of Edmonton assessed 319,608 properties worth $134 billion. The average home price in 2010 was $363,000.
Property value assessments are made up of a number of factors, including location, features, current selling prices for comparable properties, and more. In addition, neighbourhoods play a significant factor in overall value increases (or decreases). For example, Mactaggart and North Glenora are seeing average 20% price increases, while Windermere and Oliver are…
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