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LZ is right. Please read carefully.; D( w/ V+ a5 j4 ?2 k* U
CBC News:
- n/ A2 ^8 t7 Z4 _" ]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 $108 from the year before.: T" B' r, l$ g( G; i
3 i ^( B+ u* _5 L8 ?/ XOf 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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- L. Q! l, j3 ~: GThe 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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- o+ ?- x/ B8 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.4 S8 N' |1 d, R: y2 d
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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.3 `: F7 z7 M" B5 o
U' }/ m2 \9 M4 M- |$ sFor 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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/ m+ J! ]/ ]+ Q( a' ITax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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