Understanding Your 2026 Property Tax Notice

Many residents have questions about their 2026 Property Tax Notice, particularly if they have noticed a larger change than in previous years.

Unlike in most years, the 2026 tax notices reflect the results of the 2025 General Assessment—the first in seven years. A General Assessment updates the assessed value of all properties, including land, to reflect current market conditions and estimated replacement costs. As a result, individual property tax changes may be more noticeable than in a typical year.

Your 2026 property tax may differ from previous years for several reasons, including:

• The 2025 General Assessment, which reflects seven years of changes in property and land value
• The Council-approved 3.7% increase to the overall municipal tax levy. While Council approved a 3.7% overall increase, individual property tax changes will vary depending on each property's assessed value. As a result, some properties may see increases greater than 3.7%, while others may see smaller increases or even decreases
• Increases to the education tax rate
• Property-specific changes, such as improvements or additions that may have increased your property's assessed value

For answers to common questions, visit our Property Taxes FAQ page.

If you still have questions about your specific Property Tax Notice or Pre-Authorized Payment (PAP) amount after reviewing the FAQ, don't hesitate to get in touch with the Budgeting and Taxation Team at 867-920-5600 or taxation@yellowknife.ca. Staff can review your account and explain the factors that affect your property tax calculation.