|
|
|
- Thread starter Daveography
- Start date
buildings
Active Member
I know it's just anecdotal, but for what it's worth, my property tax assessment went up 10%.over last year. (Oliver).
Last edited:
Oliver_William
New Member
So did mine and I was quite surprised by that.
TAS
Senior Member
Same neighbourhood, but mine was up just 4%.
Gronk!
Senior Member
On the agenda: LRT cell service, derelict properties, St. Anthony School
This week, council returns from the holiday break to discuss installing cell service in underground transit areas, taxing derelict properties at a higher rate, and the redevelopment of St. Anthony School.
edmonton.taproot.news
- Administration proposes designating three properties as municipal historic resources. The McClory Residence and Brennan Residence are homes in Glenora that would be eligible for up to $100,000 for rehabilitation of historical elements. The South Side Market at 10335 83 Avenue NW, the building that houses Pip and Pals, is also being considered for historic designation.
Greenspace
Senior Member
TAS
Senior Member
Why I Voted No: The Truth About Edmonton's Tax Increases
www.timcartmell.ca
In Coun. Cartmell's blog - the truth about Edmonton's tax increase and why he didnt support it, he says:
- With house prices predicted to rise 7.8% in Edmonton next year, the average homeowner will face a 14.2% property tax increase in 2025 - not the 6.1% being reported
For instance, if property values increase an average of 5% in the city (or 7.8% as he stated), if my home is assessed to have an increase of only 4%, I will actually pay less than the 6.1% tax increase this year. And if my home increases in assessed value by 7.8%, I will only pay the 6.1% increase. Where is Cartmell getting that average homeowner will be paying 14.2% more this year?
This short city video on taxes seems to prove his claim as false.
policyenthusiast
Senior Member
I genuinely have no idea how he came up with that number. Even if a 7.8% increase in valuation happened overnight, an average 6.1% would change to an average 6.6% tax increase. Even by combining the two values (which you wouldn't, that makes no sense) you get 13.9, not 14.2.Why I Voted No: The Truth About Edmonton's Tax Increases
In Coun. Cartmell's blog - the truth about Edmonton's tax increase and why he didnt support it, he says:
Is this true? Or is he misunderstanding how property tax increases are applied?
- With house prices predicted to rise 7.8% in Edmonton next year, the average homeowner will face a 14.2% property tax increase in 2025 - not the 6.1% being reported
For instance, if property values increase an average of 5% in the city (or 7.8% as he stated), if my home is assessed to have an increase of only 4%, I will actually pay less than the 6.1% tax increase this year. And if my home increases in assessed value by 7.8%, I will only pay the 6.1% increase. Where is Cartmell getting that average homeowner will be paying 14.2% more this year?
This short city video on taxes seems to prove his claim as false.
I can't tell if this assertion is nonsense or if I just have no idea how assessment values work.
TAS
Senior Member
I didn't really know either until I watched video I attached. That's why what Cartmell is saying makes no sense - but I wanted to check. He has been a councillor for 8 years and may be mayor, so i would think he knows what he is talking about.
Greenspace
Senior Member
If you look at the map I posted, people with increases in assessments will pay more, people with decreases will pay a bit less. Everyone pays the 6.1%, the City only takes in total between all neighbourhoods 6.1% more. So Cartmell's argument only holds true depending on where you live.
TAS
Senior Member
Thanks - so his statement "the average homeowner will face a 14.2% property tax increase in 2025 - not the 6.1% being reported" is really off.
Greenspace
Senior Member
Knack explained how it works. I think if you live in a desirable neighbourhood your house assessment probably went up. So depends who Cartmell is talking to.
thommyjo
Senior Member
Most of his ward saw some of the lowest increases.
TAS
Senior Member
It's just a really misleading statement by Cartmell.
