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$ m" I7 s8 c$ Y' LLZ is right. Please read carefully.
7 Z- x1 b* a& N8 vCBC News:' J4 O; ^, [7 a' z9 h
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.3 X& o/ x1 W) @
% \) e% z0 {/ ]/ }Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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$ s) i2 V. n1 `Of that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.; x% N3 ]) I1 R4 z- I, C7 G
- l9 z% x$ @1 {The 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.
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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.$ ~. N; W9 e- Q+ m. ]
/ y. v: B0 E5 X; Z9 dFor 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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