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o' V v# V9 bLZ is right. Please read carefully.3 ^3 B3 s. K+ X7 x& a5 @& b; S
CBC News:: [* g6 {* V" U* r3 x$ R' Q9 q
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 $108 from the year before.# l5 m5 u4 _# y H- g2 k3 I( _8 Z
& j) l! [# D. t" M% ~/ a9 b$ q! u" \7 aOf 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.. F! u; G3 A1 \1 ~, R! E' [% _0 C* @. o5 ~0 h
! {* B N7 {2 r1 b8 B- }The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."4 \9 o/ Q3 T/ B- D" s+ J' c
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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.+ ^1 U. q/ I D9 A
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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 2016.3 I4 y4 V l: I7 g7 Z4 u
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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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