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LZ is right. Please read carefully.7 z( |$ h0 u7 h( B
CBC News:
) Y8 ?: I4 S3 G5 }" }* B4 \/ _1 bEdmonton 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 $108 from the year before.( K! V: Q! z, |9 r$ H8 M
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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.- _( q& V* q5 b- l
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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."
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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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9 b. Q# b% U4 UThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.! x4 y/ ^$ `: U0 D$ y2 ^
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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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