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" l9 n8 w' q4 z+ x" {LZ is right. Please read carefully.* H* [ s% R: F, Y1 }" @, @
CBC News:$ |7 `% j1 W+ C' Q2 K2 u" l
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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, d4 k1 o9 T9 ^, j. {Of that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.
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3 p% @) I5 Q/ KThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."
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The city uses a "market-value" method to determine assessments. Most property types saw decreases in assessed values as of July 1, 2016, the date they were recorded, the city said.! b) Q" F v- F5 a
@. [+ [/ H$ j$ ]2 x" R( bThe 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 $9 a month from 2016.: P& G8 c7 m- m% N$ Z" w. W" l% M
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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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