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+ [9 L" o3 u5 P4 `0 s$ dLZ is right. Please read carefully.
2 L) M' T4 w) r9 A4 W% k6 UCBC News:
' R: B9 L, p. A! cEdmonton 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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' t" C8 E% t- D% z& Y! a) b; v9 r" b! n6 aAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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Of that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.. q* d, `& k7 h0 X+ N! r
/ u$ A8 C% `3 f2 pThe 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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% P0 l& ^2 @# a) t6 H' h! h7 PThe 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.1 ]. D e0 j/ }* ^/ X4 C! S
7 Y* X& F3 ` TThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.8 c: g) d7 c W Y* \
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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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5 H" a% ~2 V% YTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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