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9 h' _0 ~) t; I8 l- k# cLZ is right. Please read carefully.9 I7 Q0 U/ e/ @# q. T
CBC News:
1 M6 B9 p" a7 b9 j0 i! C4 i: O# rEdmonton 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.9 A) a. ?* V, F" ]3 l
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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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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.% q# E8 n3 t0 U, c z7 g+ {7 f
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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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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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% l6 e! e) j. Z8 u; W2 f7 `, GThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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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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' N# O' }. W# }1 ]& V7 vTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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