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4 y& N* D5 ^$ F! ^LZ is right. Please read carefully. p' h, x: ^ J# u1 B, @8 O
CBC News:
/ q \; Z% W# M2 s: jEdmonton 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.
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* t9 t W' w- r* y1 SOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.0 e b$ h2 s; v* c) k
$ A: l4 j8 k1 m& i4 x$ g& ZThe 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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7 w6 q/ U- J# _6 _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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4 C& C6 {3 k4 H/ G! dThe 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 2016.0 s7 b; D) c( l- v7 _# o
1 \& V* _( |/ U4 c' [1 yTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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