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: I& |# j% A# ]: sLZ is right. Please read carefully.$ \4 g" F# ^+ H: A
CBC News:/ v/ [8 K' {; D
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.0 s9 O6 T4 X2 o; G
7 i: L& Q- ` ]1 b5 `: aAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.2 b' @* }) ~; S! u2 F+ _/ ~* t
% e5 ?( ~9 G7 n: i" `, WOf 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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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., s; e6 r# X t" E8 T
w( z( ^1 G4 v) f2 ?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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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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Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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