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- G- L( K ]" V% P7 T8 E5 _LZ is right. Please read carefully.
0 C( I) ?( t* H& m2 L$ JCBC News:# z( g9 _: b+ p2 m
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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0 `7 d2 x \& i7 l- ?4 y5 [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 $28) for education tax.7 C1 d# D* y5 s2 ?- h
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."
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, u" ?$ d" ^4 e) l8 E6 t& N+ tThe 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. t, Z, x& n! v" v: \3 Q
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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.2 f; }0 b3 r! U( l& K, d; k
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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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. i* x; Q5 W: S! C6 ^* K7 DTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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