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. W/ K" g3 H+ R7 @: ^: ~ z! MLZ is right. Please read carefully.
+ ]# w* h. A* e) m0 DCBC News:4 f3 x, h, y* f$ C& H" X
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.( P! e$ D* H5 i& u
, ]3 @ X1 S) z: d4 s" DAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.1 \* i. {1 d) B' ?+ i( N+ w8 ~1 Z
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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 $28) for education tax.! b6 c! o$ f% r
y, n- l% w( nThe 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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@2 P% L+ ?8 }, u: J- y5 O8 bThe 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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2 j/ q2 ~5 V$ aThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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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." s5 Z- |3 Q* n" t
: h5 c' \+ v) R" VTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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