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8 I+ c' w: {. T4 rLZ is right. Please read carefully.
0 |( ^4 n* b4 CCBC News:
0 n3 i( g* l" d, m! V1 P4 S5 ?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.
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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 $28) for education tax., F2 ?" m% J4 \+ s
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."
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, Y7 i9 _0 L; u$ M4 P# X( Q: Q) HThe 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.7 D/ {- d& B) G( f9 a
5 I3 ^6 H- z2 a. m8 {+ m4 OThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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$ s, P' K: I) |8 z7 CFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.% a; |: }. ^! A
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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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