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: @2 v& v2 q, U# Y4 X4 D2 L5 {LZ is right. Please read carefully.
' R( y, E" s4 P2 z, eCBC News:9 E) T& K. U! F0 H' W1 T% k
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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Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.6 r( k3 e! h2 T7 s+ o, W6 z, y# u& i7 g
/ R$ Q! S0 ]9 X8 F, w' IOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.3 P, a) ]- ^) U0 _2 G$ d
x4 a7 j4 B: N- ^3 v9 \The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."3 n- r% Q6 u% t5 S q X
- t ^9 z; p* C! r. @% AThe 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.' _9 C0 ~' D1 M! W* ]
. s( m1 O' D# v, A. [2 CThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.! U/ m. K. C9 a4 _' ?( m
% z! W) X0 Y! k. |8 hFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.# i0 E5 T0 \& ]2 N2 T+ I) a0 s
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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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