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# R4 ]2 a: t: ZLZ is right. Please read carefully.8 G! M y3 ^2 `$ b
CBC News:
% D/ T( v$ b% n3 k: u7 B; 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.
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) f8 b- y$ o& |( ?Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.. R, Q' Z3 O- b+ `4 V0 z' F3 P. c
% Z, S2 h. T! _6 p* aOf 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.6 J7 R3 }6 _ ~
; f6 w, k; p1 [( M3 |, VThe 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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! }+ u6 Y0 Q) }1 yThe 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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