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LZ is right. Please read carefully.
2 q8 A" ~! O% J) H; {4 i; e2 h4 U$ \CBC News:6 _' r% M" e* J1 s; W1 Y5 J
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.. j/ o7 J5 M6 ]5 z
* ^- {0 K: B' f8 s/ S! P6 v5 O8 EAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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$ m0 L9 T0 p# V7 oOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.* R6 W) E5 C9 A2 z! z
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."
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1 i; c5 |& q* K# _. N" k" L$ s# n7 sThe 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.7 S& S. W7 R ~* A" g3 _/ V
! h9 J8 m6 Q9 \3 ?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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" O& y6 U; H; A rFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016., ?( V+ {( N, ?0 h# D2 K7 r$ A
1 h2 _/ s# J* u3 j( U' \8 N3 b, j( DTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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