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LZ is right. Please read carefully.. d& `% b4 I; ~1 O6 m5 z0 f
CBC News:
$ y$ n* k; n7 r* I: v' V+ kEdmonton 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.$ g0 j. B V! i9 C
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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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, D' c6 h# W) QOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.8 |# j* F# J6 Y# f6 o# A) @
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."% f: n$ U# k6 M" i, Z, @" `# _) d
9 M, _; y2 b+ }, w/ 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.
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# H0 ` w9 W+ R) }4 `, u0 `$ hThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.4 }3 T Z$ L X, [; K
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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 2016.3 T) M- Q/ T2 Q: x s) [
/ E' G, G8 n( E* c& u" oTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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