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; a1 M& _& P) T, P i) HLZ is right. Please read carefully.
- | H; H) V- K+ XCBC News:) V+ {4 P) S6 M! Q$ q8 V
Edmonton city councillors finalized the property tax rate for 2017 on Tuesday, with an overall increase for a typical, single-family home coming in at 3.3 per cent.
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' T$ Q! i6 ]- E4 iAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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Of that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.! \6 ?+ |% o% S
( M$ s3 J! @/ |4 \7 j' ~9 {" j, fThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."! X8 m" ~. _+ S/ f2 P
( K" ?5 j6 `0 ?; R% bThe city uses a "market-value" method to determine assessments. Most property types saw decreases in assessed values as of July 1, 2016, the date they were recorded, the city said.- ]$ w4 E* a D/ L) @
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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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For homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.& @4 K- W" w0 o1 ]8 B* h+ J
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Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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