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LZ is right. Please read carefully.
* [) r. t8 N6 b! n" O# nCBC News:
8 T# C0 g# E; N8 iEdmonton 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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8 l5 U1 H7 l" a* s" a y& E `Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.. D; B' z2 y- P9 ~* T5 i! n
7 n A/ I0 b3 K% h, h$ gOf 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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( F# r" K" I9 s7 RThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."' @# W' e- g9 B6 S
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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.' B/ N. `# i8 B2 g
$ O; ~1 l- P( L1 H* z8 f/ D8 XThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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! M# b+ i/ z- d8 S' T7 ~For homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.8 l [% H3 C" T( h, n9 Z0 I7 P( m* R# U
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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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