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LZ is right. Please read carefully.) C. R2 U* [' h4 v2 F2 n. T& L
CBC News:2 U1 T C3 @3 ]6 w% Y
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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Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.) Y0 B6 K. z5 ?% [9 q1 P, t/ ~
, i" G: }" V! X9 O G$ \0 [Of that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.3 f- N$ X; W! Q9 P/ d
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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."# F: c% Y8 w/ Y# S/ C1 U' B
8 z" T' ?! _9 ~3 U7 IThe 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.. r& q4 Q$ T% _# A* T, y
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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.3 c1 t* k( d# A2 o1 R9 I
' ~- F0 ?* ^& hFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.$ e* M d* k8 q: [" |; N% U
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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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