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. ]9 M5 `4 }7 _ L; bLZ is right. Please read carefully.) s3 j [4 m& L7 w
CBC News:
& r4 ~" f" j) J+ y( HEdmonton 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 h# X% m# \6 U& c
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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.4 f) Q1 z7 e9 X6 U& R4 z7 K
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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."& O5 H8 _8 ~9 X7 G9 H
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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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N7 \6 Y6 E% S& ^1 _1 R: |The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.% U7 f. J4 _* m6 L* `6 ?
8 V- w5 [- O& ]4 C" z) \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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0 `2 P6 c4 z% H. Y/ U7 w- C2 \Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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