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LZ is right. Please read carefully.+ o3 i4 `0 w; r+ T
CBC News:# q& w! [+ v! M" f8 |7 @
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.2 K6 G9 D2 ?( F/ G8 _
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Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.) R# Z6 l3 g+ k% e+ [9 Q3 E
( P: u' _6 L$ J9 VOf 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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6 S2 o, t: W& i# p- \+ oThe 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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: I. j. i4 e( U# A! q2 U- d1 LThe 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.% K+ k" H+ ^0 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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" J2 j, J' l- E/ y5 O! b2 jFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.) g' p, ]* m6 S6 a7 ^" a* ?
& ^. H2 V0 a: a% ?" Q4 KTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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