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# R$ a4 ?* T" i" O$ r( t& KLZ is right. Please read carefully.
& v3 F* x' n8 r& L3 a; kCBC News:
+ {0 k+ c0 b e. C: r6 l# ]8 HEdmonton 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.5 K7 \* E, k. `+ |. S/ x
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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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% J+ M8 m4 @* [/ KOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.
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. Z4 j! K9 b& O! H0 Q9 r+ oThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."; |; N( e5 U5 P+ o1 Q' D" I
& p F2 h1 N" t& q8 ?; dThe city uses a "market-value" method to determine assessments. Most property types saw decreases in assessed values as of July 1, 2016, the date they were recorded, the city said. ~4 l- d+ O& d8 r
3 R$ n1 c. ?$ _6 ]. DThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.; v; C& k- K4 E: r' p
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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.; \% U3 B; s& Z
, ]: d7 E, t/ D" x& C& {Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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