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LZ is right. Please read carefully.
4 U+ W8 E. z, `5 e( I- [. D: gCBC News:
: ^4 k" S( f0 x: uEdmonton 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.8 I& I# v9 K' }
! E2 f+ }7 [4 ^1 S8 [1 ]2 D7 s) U7 UAnnual 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.
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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."; W8 [/ R% l5 _' Q! Z0 p
2 H" V3 e( v* d# P+ H2 cThe 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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7 o9 W& B: i4 L! o; a5 iThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000. s6 ?4 {; M+ N
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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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Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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