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; z P$ p5 |1 y) ]. VLZ is right. Please read carefully. {8 F, C* f( u G3 `: ^
CBC News:
! l. A. q% [, G; \. ?( @: ~) r: ^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.
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. `% {# b5 f& m& C* L# f+ l0 kOf 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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! u% `. Y; a7 K+ Y: ?! }0 m( iThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."2 {1 M8 p/ B8 d* o2 ^' Y
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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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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.7 r! d# a) {6 C9 v
. E* N4 D8 Q1 K' H. 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., E. y0 X' a3 b
, s, ~2 l6 j% a6 C- T; ITax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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