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LZ is right. Please read carefully.
: Z- d. y& |* ^CBC News:3 z( L3 B c4 ?
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 $108 from the year before. V' D* V- K m4 i! L$ E
$ y7 ? |( r3 F! j$ iOf 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.: P+ _! v2 e/ @
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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.". F* m* R q v; e
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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.1 q; h5 k: O6 S) g8 b* ~8 U% B
: e b7 G- O% K7 KThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000." a, B! F. z2 T, [
; N. J: a: F! |: \) ^For homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.$ \6 _6 G \3 ]5 r
, F7 t7 l5 w2 @7 H p9 o/ g- [Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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