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LZ is right. Please read carefully.
4 g3 r4 K+ E( x( N% vCBC News:
+ [' n# x8 F1 ^( ]# n6 Z1 T; mEdmonton 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 K2 t2 O" T/ l# ~+ M- y
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Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.$ X$ y! X& x# x# W4 f |
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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.
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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."9 C; u" q7 x I- D, K0 \0 A
# a. Y1 B3 s3 TThe 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.; T5 S5 R# E2 U6 e- D8 \* Y
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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.* C; c" J) s+ C. T* w0 @
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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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