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8 _4 n8 l" ]0 MLZ is right. Please read carefully.- H9 D0 V' D( @9 ^- _
CBC News: j' a2 b, R$ |9 \$ \6 B
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 ] B( C% ?9 e( T
: Z/ n1 s. N, M! y. nOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.% X) v- I# s$ ~* d% I6 F e
" ?: f) _/ v8 J6 P9 |The 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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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.
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! `7 t% d3 a0 y) KThe 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.# U+ t7 I7 ~' ~- w1 R4 S
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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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