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LZ is right. Please read carefully.
2 A2 Y& g8 o3 y P2 G, Z* q! l5 ^CBC News:
+ ~( s0 H9 a' K8 x3 W! A: EEdmonton 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. {6 z& R3 _) |* X
5 B# Z# i& D$ J: e8 }1 }9 s5 jAnnual 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 $28) for education tax.) {: w0 b3 O+ H' \8 j* E7 o
; D0 ~6 @1 r4 a6 Q2 EThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."
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D' T3 Z* q5 G+ U7 d2 ~The city uses a "market-value" method to determine assessments. Most property types saw decreases in assessed values as of July 1, 2016, the date they were recorded, the city said.
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$ l4 \' H! l6 f& MThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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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.
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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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