City of Edmonton Property Assessment and Taxation 2009 Tax Rate Bylaw April 28, 2009

Agenda Property Tax Revenues Assessment – Market Value and Growth Changes Municipal Property Taxes Provincial Education Property Taxes Effect on Properties Key Dates

Property Tax Revenues

Assessment – Market Value and Growth Changes

Municipal Property Taxes

Provincial Education Property Taxes

Effect on Properties

Key Dates

Property Tax Revenues Bylaw prepared based on City Council’s approved tax increase of 7.3% (before waste transfer and business tax shift) Residential tax revenues reflect reduction for waste service transfer ($13.9M) Shift from business tax to non-residential property tax class of $31M (2 nd year of shift)

Bylaw prepared based on City Council’s approved tax increase of 7.3% (before waste transfer and business tax shift)

Residential tax revenues reflect reduction for waste service transfer ($13.9M)

Shift from business tax to non-residential property tax class of $31M (2 nd year of shift)

Assessment - Market Value And Growth Changes Market Value Growth New Construction Single Family (9.6)% 3.0% Other Residential 9.1% (2.5)% Non-Residential 27.0% 2.4%

Market Value Growth

New Construction

Single Family (9.6)% 3.0%

Other Residential 9.1% (2.5)%

Non-Residential 27.0% 2.4%

Municipal Property Taxation Formula Tax Revenue / Assessment = Tax Rate (Value of all property) $ 354.9M 89.6B (SF/FL) 0.0039587 49.7M 10.9B (Other Res) 0.0045525 359.7M 34.4B (Non-Res) 0.0104512 Total $764.3M 134.9B

Tax Revenue / Assessment = Tax Rate

(Value of all property)

$ 354.9M 89.6B (SF/FL) 0.0039587

49.7M 10.9B (Other Res) 0.0045525

359.7M 34.4B (Non-Res) 0.0104512

Total $764.3M 134.9B

Provincial Education Property Taxation Formula Tax Revenue / Assessment = Tax Rate (Total Education Prop Tax) (Value of all property) $201.2M 89.7B SF/FL 0.0022437 22.6M 10.1B Other Res 0.0022437 93.2M 34.4B Non-Res 0.0027094 Total $317.0M 134.2B

Tax Revenue / Assessment = Tax Rate

(Total Education Prop Tax) (Value of all property)

$201.2M 89.7B SF/FL 0.0022437

22.6M 10.1B Other Res 0.0022437

93.2M 34.4B Non-Res 0.0027094

Total $317.0M 134.2B

2008 2009 $ Change Property Value 400,000 361,500 Municipal Property Tax 1,416 1,431 15 Provincial Education Tax 766 811 45 Total Property Taxes 2,182 2,242 60 Monthly $182 $187 $ 5 Effect on Typical Home

2008 2009 $ Change Property Value 91,600 99,900 Municipal Property Tax 373 455 82 Provincial Education Tax 175 224 49 Total Property Taxes 548 679 131 Monthly $46 $57 $11 Effect on Other Residential Property

2008 2009 $ Change Property Value 100,000 127,000 Municipal Property Tax 1,130 1,213 83 Business Tax Transfer 114 114 Provincial Education Tax 338 344 6 Total Property Taxes 1,468 1,557/ 89/ 1,671* 203* * includes business tax transfer Effect on Non Res Property

Percentage Tax Change by Property Class SF/FL Other Res Non Res Municipal 1.1% 22.0% 7.3%/ 17.4%* Education 5.9% 28.0% 1.8% Total 2.7% 23.9% 6.1%/ 13.8%* *Includes increase due to Business tax transfer

SF/FL Other Res Non Res

Municipal 1.1% 22.0% 7.3%/ 17.4%*

Education 5.9% 28.0% 1.8%

Total 2.7% 23.9% 6.1%/ 13.8%*

*Includes increase due to Business tax transfer

Key Dates April 28 Property Tax Bylaw presented to City Council May 22 Taxation Notices mailed June 30 Property taxes due and payable

April 28 Property Tax Bylaw presented to City Council

May 22 Taxation Notices mailed

June 30 Property taxes due and payable

Communications Tax Notice Tax Brochures Internet Information Call Centre 311 Media Relations Ongoing Media interaction

Tax Notice

Tax Brochures

Internet Information

Call Centre 311

Media Relations

Ongoing Media interaction

2009 Tax Rate Bylaw Questions?

Questions?