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- F$ y, B; W2 s1 _, PLZ is right. Please read carefully.
9 x2 W+ i1 Q, Q8 I4 K1 n# r1 TCBC News:
3 s# q. b/ y( F& s6 V6 i) W( S3 XEdmonton 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.: S2 n6 ]; @7 \" R" N+ f8 F. _$ y
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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.
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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.
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) R: o, t9 W/ G1 RThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."' W8 F+ N Z1 p' U1 m
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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.3 }4 o5 n+ I( k+ W7 S- i/ O% [* g2 E
$ H$ [) V+ U4 C0 V( [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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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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: S/ F) v( z- b0 W( Z9 C8 {Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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