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( Z; n; B' P: L7 V- r8 H0 KLZ is right. Please read carefully.8 d5 L( }7 b5 v K' w8 N. I0 o
CBC News:! C% C) u& }: l) W: c* s; U
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.- B- ~ k; E, \1 u! H/ N
4 j2 F; Y/ _% V: O4 |Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.# b4 B* `/ m* i' A! Z
- ^( I3 N* q6 J& E" ~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.8 v( g [% p0 q
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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."0 L! A3 Y R8 q6 O
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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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2 E D) D1 O4 K8 l; T% @5 h9 b1 \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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Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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