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) j- x9 m& k# M0 y2 X( _. A# ]0 G' h0 HLZ is right. Please read carefully.
- l: n# s' A1 N0 r* D; x9 ]CBC News:, @+ \" v: I* @- W! F1 t
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.0 c1 k( h, ^% M
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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., ?5 `+ q1 r* A( I6 u
5 r7 r3 q& ^0 R4 dOf 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./ L+ W0 j* A7 V! [% \2 _ X3 s
7 h, W+ @: `! p: T+ c S; dThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."3 d4 E4 h# T7 a/ G7 v
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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.: w3 {7 X. S( b. X0 g0 w
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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.
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3 R( K, z' v& Q. |+ e3 M& r2 FFor 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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Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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