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LZ is right. Please read carefully.
5 r0 m: R9 m9 H; | D, X) ECBC News:
5 r* l, ^) g) Z1 j6 a/ OEdmonton 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.2 D6 x: v8 ]/ {8 ]
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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.0 a0 p. I4 x1 h/ B9 @6 n
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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 $28) for education tax.8 B( \$ V& s$ E B2 |) u- M
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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."* A" C/ ~% _4 }1 }# [2 D+ b
$ ~2 @% E/ U, }1 H8 ^% H9 CThe 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 y7 U& u6 X2 P# c/ g l
3 F" X; {/ y9 j0 l* oThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.$ r- b6 [7 L% K7 d8 f
6 H5 d" B1 V# \- P2 k* xFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016. [: x3 F) U6 ?# n$ {1 r% i: P5 r
) W! Z6 b+ g( N/ B3 @8 |" b; nTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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