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" `, e4 ^( h5 u. r: YLZ is right. Please read carefully.; k6 M% W( D/ _5 k& u' T c; c
CBC News:
( c1 y: D7 a, {! j" d' LEdmonton 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.6 J. L# [. H& t' r! u* B
" u6 D) @( z& a p( IAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.9 A" m ~) h, z: \, D; E% G9 E
) G8 G K4 A+ B; U; yOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.( {# M0 d$ [) l* D; J
+ q: O& a+ d6 DThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."& v* M; W; e& O2 G4 ]3 Z) z6 c
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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.) ], U7 M+ D- p
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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.4 t P& q' H3 @$ F) B% j
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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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& {" }7 C5 C! `0 [% T7 b6 A. aTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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