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2 F$ \, T% D* Z# M, I2 t, b( s" e! sLZ is right. Please read carefully.$ Y" T' k0 ?; k! M' W
CBC News:. c8 `3 ]" x0 g2 H
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.& ]0 {3 c5 o3 u# r$ F
, I" Y, U- X- M8 h, JAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.# m7 a' ~8 z0 h. q2 w& O! \
: d/ K! g: f( X5 ]7 MOf 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.2 C4 E- P2 S' g/ y" {, 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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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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9 Z9 ~" M, l/ M& y, dTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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