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0 P; l- J2 [3 T) j0 kLZ is right. Please read carefully.2 g1 y2 C) x. V; H, f
CBC News:! y0 l6 n) A% f7 @) f% q( g- i& o
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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& B$ w# Z" @0 H1 R' i8 TAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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: O' O; @$ z' j5 }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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3 V& p5 u/ h5 v8 qThe 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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; u# u9 d4 Y! \/ K2 _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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) L6 O. ~# N1 v4 l/ PThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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1 M' U' q1 Z; oFor 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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0 l0 F: |' x# Y1 t( ]Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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