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; T5 _6 t! [- p$ C0 r( d$ oLZ is right. Please read carefully.! J3 A: w0 x8 _# q4 C
CBC News:
; v9 K0 e- [ T& k1 S8 [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.' T" o! c# R: v; }6 ?7 ^& ~
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Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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6 i2 n7 m( n4 m$ k2 |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.* w6 L& f+ I4 u5 u
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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.6 p) @% g, @% g! f( 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.
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* h+ O7 `) {/ S' `1 QFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.) M1 h- K" p( r! S, q) V& j
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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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