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3 E D7 S0 i# l3 J) eLZ is right. Please read carefully.
% W" {2 U. d V$ dCBC News:) H9 a7 [3 m; A( w2 T3 x3 n$ |
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.; t7 s% K9 {) q2 _ [. o3 x
+ S/ Q+ ^( V. u. l2 T; BOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.
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, ] K1 `; L- y- k+ S' ~2 aThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."2 f1 `0 |) z" `; c5 I8 u
( O* Z' w, R F: Z+ y+ C5 QThe city uses a "market-value" method to determine assessments. Most property types saw decreases in assessed values as of July 1, 2016, the date they were recorded, the city said.' P% N' ]$ x L+ ?
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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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5 N+ u/ P! ^- |4 T. Y+ wFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.) U, @% ], |3 L3 b7 p' l
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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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