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LZ is right. Please read carefully.+ x. a* V; O/ V$ z, i2 C' i. O, V
CBC News:+ d0 j: \9 v) a2 [" e' g2 g
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.9 `9 w a! @) W, }: j
# t- O9 E. @: @, H2 d1 O {6 [9 y1 |Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.* L/ l5 l# g1 e' {
5 e2 v1 ^ v9 j4 f) U0 m/ f; tOf 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 ?3 H1 e m( t6 Z! n: ^; X. ?
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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."
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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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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.+ G C" O' G0 v, b7 b3 @/ c$ V* W
0 c6 ], Q! O5 e4 k8 [4 zFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.. Y* i0 a9 A6 Y8 t7 R) @* N
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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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