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9 i. E1 b! D- m2 j) LLZ is right. Please read carefully.
2 O1 M' {8 r. A( e8 C( jCBC News:
* z. F# ]+ b+ [2 j6 P5 `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.
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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.& N/ f" z" v9 \& f! _) G0 }& a
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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 $28) for education tax.
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8 n& B+ |7 L+ {7 J" J1 KThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."( D. M* I! _1 Y
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The city uses a "market-value" method to determine assessments. Most property types saw decreases in assessed values as of July 1, 2016, the date they were recorded, the city said.
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# Y+ ~& {: o$ F* T5 Z+ g( N% ZThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.8 \! Y2 l$ `- \" ]. J* G: r
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For homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.
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0 S9 c( J4 ~$ }5 k K: F: @Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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