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& p5 `2 F6 Y6 |7 v/ |5 f6 f) VLZ is right. Please read carefully.
& O4 C- t0 p9 U: ACBC News:
' M# x0 @' b- Z, wEdmonton 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.# x, x1 b2 e5 \5 y( s
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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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6 d& Z, r# E5 y- f- kOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."
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The city uses a "market-value" method to determine assessments. Most property types saw decreases in assessed values as of July 1, 2016, the date they were recorded, the city said.1 m$ \) e9 k( t. {! k! {' _, T
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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. Q. F* }% n; T* @" d2 k
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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.* h6 s' C" G9 ]) I4 v+ a4 X
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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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