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LZ is right. Please read carefully.& Z% j% d' G& K* F0 M% N
CBC News:
& ^, h. N( h: A A; r% ^8 v5 hEdmonton 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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Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.5 e4 o& h7 }/ l/ m* _( s
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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 $28) for education tax.
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."
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1 {# A0 h6 s6 x, KThe city uses a "market-value" method to determine assessments. Most property types saw decreases in assessed values as of July 1, 2016, the date they were recorded, the city said.' e; Y" b$ e9 f+ x) R
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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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+ q- [* ?* v. o jFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.1 ~) }0 A8 n- b/ Y* ~
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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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