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* ^1 v" L3 f7 ALZ is right. Please read carefully.
8 J4 g8 }0 z) tCBC News:( c: [# u9 O. y# W$ O
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. F8 h# s7 D7 {
1 C* X% N6 b1 ?" t- [0 Q4 @Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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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.9 ?0 z; C+ N8 a8 E/ i# ^
( g) E* b4 g; d- ^; g: v) D+ O. V' L; FThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."
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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." Y, @7 E! z& g
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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.$ _' e1 I+ W: L6 l) e: d9 D5 K
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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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. m t0 s# H0 hTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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