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3 N/ W6 b4 y, L5 N; n/ F' O- G2 x, K. nLZ is right. Please read carefully.
$ d# y0 F. k+ ^% l5 S9 @CBC News:" B& v* T6 K9 g6 ^. 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.& B2 ^5 n2 {5 K8 W
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Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before./ s; m$ b- L6 j O# I2 \8 S
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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 $28) for education tax.( r! m0 p2 U1 Y& q$ v
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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."/ M b* u* e7 i/ Y3 j6 w
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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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$ k* f$ Z: s1 v4 w+ nThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.$ s) ~) w6 K' f. Q: K" T& |
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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. L4 G/ i% u! |# I
& n3 V# _& O* I5 \: pTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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