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- Y" A' p" x+ U5 JLZ is right. Please read carefully. q, L, l& j0 Q. c& Y" S
CBC News:' J8 P3 }- t8 G: c
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., n" l" q" a$ x. q( T
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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.4 e' u4 T# \3 A
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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 $28) for education tax.
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8 N0 U& J: ~9 h$ u4 G* ?The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."& x. O% o: _: _' Y9 p
, R7 K }) |; q2 q+ ?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.% M# I/ B( D3 h. i
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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.
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5 W/ n. c: [0 m" pFor 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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