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# d6 [/ ]. N8 e/ wLZ is right. Please read carefully.
6 m" d6 g, N& U7 x5 bCBC News:& n8 x. O* b' n6 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.1 Y! X5 e3 Q( j* r
/ }4 i2 o8 d2 @" l" b$ aAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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* L8 ?( Q: i% h3 b, s9 |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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9 T) p1 _5 o; ~0 _" G7 R9 I5 |The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."1 _/ M- V; q1 {: u
& ]3 @+ S# r& m1 uThe 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." {* `# y: D4 X4 B
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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.; _1 ?4 d$ O& L8 L2 U/ |# @ Z
4 L( X; U' y; }( ZFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.7 ^5 f. D% z: p5 Y6 j& k4 a
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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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