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LZ is right. Please read carefully.. a# N1 C9 ^& Q: I9 W7 }4 {
CBC News:# A+ A( r* W, G$ ^3 l
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.) o0 q9 q# L# n
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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.) h1 D" a* j Z* ]& {3 J2 D- @
1 Y* `% @' X+ p Y% VOf 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., q6 M" G0 e; t; {3 k P4 G5 p
4 W0 E! H* R2 z5 w( @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.
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' o, R3 |1 _, F4 y5 u5 z- RThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.+ j: e1 b. r- f, S+ D" Y/ R
9 m6 C! y3 x0 h# T4 JFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.; ~4 p1 h) `4 U8 F! I0 e
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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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