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" |2 `6 z0 _' Z* O, F5 JLZ is right. Please read carefully.- B9 k+ h6 e2 y1 z$ G' L2 x1 Q1 v
CBC News:
& s; h/ Q* d$ K. D1 [! ]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.3 R3 G' y- k( R8 I
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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 $28) for education tax.$ W! c2 g, {0 t( A7 [& O
; P- S8 S; ]% @: \2 ^6 ]The 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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, V& E5 d+ y N2 P6 ]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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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.0 ~ {* \1 I, q, [/ F
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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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8 c( o7 }; U* g. [; D; l sTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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