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LZ is right. Please read carefully.
2 }7 A0 H4 f; b, d' d( e" aCBC News:) ?% M5 P4 I+ l- s2 I0 h; v; |
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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1 ?0 W/ _. g N2 r6 N* QAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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1 C/ y7 w* i) T v' VOf 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.! I+ w0 m3 N1 r! E
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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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1 F( B. I. g3 r% e+ e5 n" _( RThe 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./ g, H7 n* r- F) g: B; e
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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.: q3 `) s8 a+ z1 o" Q
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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 2016.5 r1 h* O- [( @
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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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