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LZ is right. Please read carefully.
6 W- J+ W; D5 z+ eCBC News:
* b0 M4 ~5 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.' y* b! h0 ~: z7 m5 J0 _
* J- { G$ V+ T; `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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1 C% } \ K e/ D8 UOf 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. b1 P6 k' v% P9 h L6 h( L8 [
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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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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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. Z. n6 e4 z6 T8 c1 b, X* NThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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% `! u# `( \& v2 e0 ^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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4 \8 h4 m) x! ?& s, C! iTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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