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! B* l. l* c' h3 D X3 P! u1 WLZ is right. Please read carefully.
! J* k; Y; f0 }1 R/ A" ] x5 `CBC News:
" J3 t, R6 F9 _/ G+ J; ]5 P( }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.
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9 A: U- F1 d9 c( @) [8 OOf 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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% e& R% P- N; k; ~0 d) G0 @8 WThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."" u; i/ T2 @3 E* N2 p
" t" c; E0 d' u- Q0 g7 kThe 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.- [1 g9 j" F9 S9 O
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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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! Z- l# f8 J4 |: Z# DFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.+ B7 K' F# o, x6 E9 e8 \4 }8 C
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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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