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! b& f3 o1 j$ x0 U( ~LZ is right. Please read carefully.
. c0 @7 S- g4 R) E% P. ` sCBC News:
+ f4 b6 P* R( l: n3 o; mEdmonton 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.6 g Z& |- R& A2 o) u0 }& d- e
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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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Of that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.8 Z$ }# z$ H v( ?- j3 |( z9 H
! a( [: \- }8 n8 ZThe 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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& c8 u0 |& K; ]+ X2 MThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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/ e6 {/ y v' eFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.2 u) B; A8 j! }5 b3 V; a" o$ v
/ i& a( u7 b* |/ A. PTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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