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+ g3 b1 J9 [8 O; M- \$ {& E5 S. p! wLZ is right. Please read carefully.
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' u3 S2 d! n, ~3 h" zEdmonton 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." E+ X* t( r. Z6 T: C
5 B; b9 M' V1 j) Z! O7 `" z% iAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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- ^- z+ g8 [0 n1 c3 r3 l; i1 tOf 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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( Y7 a9 T3 H' bThe 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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2 V7 t# ^) P- D2 V/ `0 yThe 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. r( P, r1 F/ }8 R" V9 ]% b Z
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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.+ d9 K% S. q6 u F" c$ I( @" w4 h/ w
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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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2 ?7 T) n4 R* C7 ~Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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