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LZ is right. Please read carefully.8 r7 O! A8 B2 ^% m, y7 r! f, }1 |
CBC News:; { U c: Y( I- F, ]7 K6 p* ]4 ?
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.; [7 ?; K. c6 G4 y& n+ e3 T; _
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Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.. m' @2 ~/ e R j+ n$ W$ j. ^6 s. G
7 v5 o$ O; G5 w- U0 o9 sOf 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."9 i; e. f: L+ n% ?
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The 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.6 I7 j0 ~/ \. B' K
* P/ y4 }1 a% I6 w3 ~; dThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.9 D! S- |9 g7 T
& B' e' D8 i, j2 v2 Y8 ~0 l/ PFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.) A: F# ]; X7 b4 z7 [( a
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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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