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LZ is right. Please read carefully.
2 j3 {6 q+ O; `; p: NCBC News:
' L- }* x3 e) f. N' x& a8 ?# {. 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.
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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.2 u8 H+ P6 b0 C4 B0 {
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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."; L- d! L9 J& r
& F% o2 g8 }- h( @% nThe 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.3 _- s* d) F( h V% t- k& u0 a
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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.5 @* W5 d k8 {0 c/ |/ q) X
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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., w% F7 e5 j8 B- Q* e; c d
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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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