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6 [( Q9 }( y" w. l$ ~4 z+ `9 ELZ is right. Please read carefully.* i/ [4 c" E1 w- f( d' w+ C# @
CBC News:1 M2 i: K" z$ J! J+ X. c
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 $108 from the year before.$ b( Z7 }) l) e0 M' c) v' \% y6 c
6 T$ d9 P" T' Y7 MOf 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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( f8 L! A0 h0 O% g/ G! PThe 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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; h0 G F4 O2 HThe 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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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.: g3 z, e. }6 n8 G
8 i9 v$ a) k8 m2 WFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.' m; z* J9 H' @
( A3 P* ~- h9 W+ lTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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