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LZ is right. Please read carefully." N& J9 L# z: a! e' S0 e
CBC News:( X0 S4 s$ ?9 I! p: T, U' T* O
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.% `% A" ^4 s: |3 p* l& Q0 p
' L& ]* w: p J, r- J9 QAnnual 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.8 R& N3 f9 g5 ]9 ~# o: u
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."3 I0 _7 R. x" b5 f& c4 r4 a- Y
v0 a) H+ K% v1 `: NThe 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.
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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.2 o* e: h* a* C- a8 t9 v4 H# m5 Z9 H
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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.
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7 P- L; f( X( s" \9 v. xTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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