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* g) j S- [; K- D0 U. yLZ is right. Please read carefully.: W& v9 p0 A/ V# d1 H% ?' L
CBC News:. y* e4 n/ D+ M/ }8 r. V
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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' t# c' {8 [6 [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.0 b3 W O5 T( Y1 y% o
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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."& b, i/ s/ e# y! w! K
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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.) j% D/ A7 ^) P9 V. n+ Z
& J8 ~ g3 e" vThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.9 P- i6 r5 f( ^- Q" J' L
) e7 B1 }, L) J! m2 L/ e- K/ S4 MFor 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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