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( |6 Z5 C" _, d: I& ` s& FLZ is right. Please read carefully./ U T6 q: ?4 V& T5 `7 Q' E
CBC News:2 T: O3 p8 r9 x 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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6 u s2 H2 E* 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." O9 ], r. g' R C
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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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; ?6 \) U7 \/ h0 j) X" @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. [" v1 `3 O) u" P" X1 r
, B7 ~! ` u2 C QThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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9 P% Z, _0 l6 o0 ~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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Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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