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8 R: _4 \ z$ n3 R- W% O) rLZ is right. Please read carefully.
, [1 p8 H! v3 q& xCBC News:+ V9 [0 s! S' J2 k+ c
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.8 f: T7 B# R, o
9 ^: _5 ], }" R3 E0 L7 GAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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! y. q' `3 g3 AOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.: Q+ t4 N& w1 q
! P9 F! C$ t" k0 x. B ]- z0 @The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."
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" s: N8 X) O. \* WThe 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.- k! ]2 C; o4 g; x! P4 D
b5 E. J* j3 T! o3 b8 R6 y8 cThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.4 S. Y# }/ K, r; d
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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.+ x* q- a, M# ~: F, O) s7 |
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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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