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! S9 n/ Q! e( h3 y0 _ GLZ is right. Please read carefully.- M+ y) F$ H& a, a7 e" z7 I+ E
CBC News:& w7 u1 p0 {0 ^- m
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.& E) O6 \$ q5 `2 s$ {2 w
1 m/ i, n% D y3 z K+ j* m; f& NAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.0 ]- A2 o- b; b7 K7 r" I
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Of that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.
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8 p3 K' }! v) jThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."
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: f. B# C( K% f O" n$ lThe 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 W% k* l! M2 q) M% ~' Y
% n( c8 c4 S! @3 A# W sThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000." | o0 S8 b' H8 a4 W8 z% {- y) p; g+ U
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For homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.
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% J" M X$ t+ e( {) uTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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