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LZ is right. Please read carefully.
. d9 a5 m- T8 ^7 }9 M/ kCBC News:
2 A: v L. U: I. L' k8 A5 Y7 XEdmonton 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., `4 T' P5 w! ~
?& H7 E+ W2 [' W8 _! n' YAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.) v, _0 O9 }( p/ |! ~1 f4 x
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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 $28) for education tax.0 o5 e# U1 ]8 s& M* y
5 w2 Y3 A' j g$ J; }, }" |2 s$ {The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."* X, x3 v: R. G6 N* w! W- o
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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 $397,000.0 q5 N7 n( b2 Y
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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.
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: J" e3 N' @6 l( ^4 n/ S# E* }1 ?- Q |Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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