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LZ is right. Please read carefully.
4 V% }% u, ^5 g3 V3 eCBC News:2 M4 `& b* |" B" a( \! k" I
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.. z ~/ w u+ n* Z" ~& m1 e `/ ]) Y0 u
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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.6 |: ~. P* D1 v" Y" S- j( F
; } T+ T) n/ |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.; W3 V* @2 L6 H
% b5 E6 _2 H2 W' m: |' j% WThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."8 q* Z% t" C ~' Y" i/ Y
: y- o# z6 n2 B# e( v0 z6 jThe 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.3 j6 u0 s% I/ S* E) h% i
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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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For homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.7 E) J% B) @# y) f& y; `
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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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