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* M( _( t5 Z4 ULZ is right. Please read carefully.
7 Z- J) a0 I0 S8 u0 r0 s2 F, Q" kCBC News:
! S( r& f4 {. x3 w4 E/ LEdmonton 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.: x* o7 k: H& |* e
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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 $28) for education tax.
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* X# X8 n$ v4 l J; d' u6 E! uThe 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.
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$ e* ^% Y, n$ E. w5 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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- X+ I0 T* o: jFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.5 h' Y D, B. I5 V
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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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