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" H9 p; b* Z9 v. CLZ is right. Please read carefully.! ^( }: r& U5 a( O
CBC News:" s. D% k" _- G
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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) c4 h2 F) j6 q, p. _9 qAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.6 e7 M- P6 Q/ e
\. a/ T$ o- Q) U+ Z; NOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.. [% C% R+ b) ]. i: X
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."
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7 v. z# l$ H! B3 i+ T; C' k, oThe 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.3 _) X; x6 V2 M0 z; M; a, P& |
# e6 q" {( h8 d4 Z6 WThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.. g9 g6 c; z& ~
; B, U+ ]- ?6 ^. i& g7 lFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.
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& M* z8 z# V9 F0 T$ v3 LTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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