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+ i: P ~2 X# E0 A! @LZ is right. Please read carefully." E7 L( R: b6 ^/ q
CBC News:
/ ^/ T- ` T! A+ [# OEdmonton 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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Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.6 b7 f8 r1 [6 v- x/ Z
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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.' X: Q# r# A- ?! C; @( @# ]
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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."4 S# \, \! `; g; ?
$ u+ t3 R, H7 {" W' DThe 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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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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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." z# Y' a8 ~. D
0 N7 {: N/ {% nTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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