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LZ is right. Please read carefully.# V, I) ^6 {9 c$ C
CBC News:
+ N' j( Z8 d5 l9 @ CEdmonton 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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9 @ R+ o6 Q& IAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.+ P; d, Z3 l' [9 M6 h R/ n
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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 $28) for education tax./ G5 Y' V3 y% H6 }2 r2 q6 _
9 V+ |% n! c, dThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."2 ?9 S$ _7 F, ?& ]7 t6 X0 N( 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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0 W/ J& C; b. G- \6 \7 Z; TThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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$ U' A: A3 w& T" ^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.+ u9 f1 p0 p; W7 w1 y/ _
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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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