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LZ is right. Please read carefully.
$ j! B4 X' z' J: n! ]6 d6 Y8 V6 sCBC News:: u U) R) T, n' w# O+ N8 e, @
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.9 m0 a( y; C% v3 h8 g. B5 T
4 f. S6 @% n+ H: LOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.. [4 ]# F6 x( }- A$ a. F% o
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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."/ C0 D: A2 I; ~' A! b
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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.2 k% ]) R5 h0 k
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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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' y( s& w$ C1 ~For homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.9 a7 T$ C3 y4 {# a+ f0 S
8 a @" a2 b, F* n; lTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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