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LZ is right. Please read carefully.
, f9 p/ P% b& R" m- mCBC News: d3 {& n7 w; b+ J) P
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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8 F+ \9 p' S/ HAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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: H4 \ D4 x! X p" {0 aOf 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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% v8 t4 Y f/ {5 v; N8 c3 N ZThe 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.) `/ v- Y% s4 }( n. y0 F
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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.2 [( L* u+ X% c+ a
O1 I# G3 F q- q R+ F4 X4 MFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.0 W$ p. A& W7 Z6 P
9 _) g. X3 \ X: \Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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