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% A% U1 h, i5 LLZ is right. Please read carefully.$ j" q0 M4 w! [
CBC News:
% q# j" E4 i9 w6 G: n% [; [" CEdmonton 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." }! A9 Y. y2 i& m
1 x* k5 X. m5 |0 O2 {4 ~Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.& l% `& M& q( W# M/ g1 K
; G% Z' L1 }6 Q& f A+ HOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.
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- F4 @' r3 i5 OThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."+ s% d2 [7 U$ B2 d
1 S K1 r. [6 `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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. [: ]0 z3 J1 LThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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, J* E+ w) N. SFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.5 D' [) y& z% Z8 G# A
+ A( ]' g7 J' G3 k& A7 u8 {0 tTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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