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% }' B2 w0 Q! q o6 _- Q0 SLZ is right. Please read carefully." s* S& @( r) n8 T b* y; |
CBC News:5 {$ P6 n( n* E8 G( F! h5 g* a/ z
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 $108 from the year before.) p8 u* x$ W0 B: 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 $28) for education tax.
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, A J' u# b8 d& f3 n1 KThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."* } \7 e/ B& F) Q* C
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The city uses a "market-value" method to determine assessments. Most property types saw decreases in assessed values as of July 1, 2016, the date they were recorded, the city said.; W2 E) E2 n j$ f+ x9 Z
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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.8 g$ p8 }' a( U& [, V9 w: r
+ X6 J/ w$ [0 @4 n6 yFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.. \0 ~+ {* P+ N3 l) g
( f% U1 m5 u3 M$ w1 d0 cTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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