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LZ is right. Please read carefully.. v% n8 Y6 T% A7 K& l4 h
CBC News: Y* i3 U1 s# l0 _0 D B2 |
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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; l2 h+ J; E G# k# a0 n9 t2 UAnnual 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 s0 f1 v' M7 ^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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! A3 r( y4 {# lThe 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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: G" T" \4 s* G" O- [& a8 |The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.) u7 p$ U, Q, D# n% g- R1 M2 }
6 A+ n, y. `6 j1 R2 n' F7 W! E( UFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.+ S, s @7 ^2 |: @8 {; E5 G( L3 Q8 j6 ]
" g- O9 C. S; _Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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