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/ t/ I4 N, w# z9 S3 }3 U! i0 cLZ is right. Please read carefully.
! `$ x) c+ m2 L" V' @" w( p' v9 {CBC News:
) k/ T: Z* s. b% ?# D) LEdmonton 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.; r( h) i( ^/ J* N' F* Z2 C' J# n
) b" W5 Z5 B4 Q2 WAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.' ]% r" y* ]8 U* f7 o
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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 $28) for education tax.0 q8 b3 k' H- s2 j2 @
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."6 K! @$ e4 _ Y$ u; q. L
9 ~4 c& E# U+ w% Z; mThe 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 \5 d$ f/ O' O% G/ |$ m% F: W' z: u
. L2 K; C: z; g* r- H; U9 F( ?( NThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000. K: P! V6 `( U9 @: |
8 I3 w( j/ Z. ]- w1 a. f# O3 IFor 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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Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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