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. ?3 s$ v8 a: p- F' W. l _* |5 g+ FLZ is right. Please read carefully.4 ^/ A' `# C# y* W& b' O
CBC News:% X/ `: V7 g) ~, N/ y* Q) D# |; F
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. ]; H# d8 W* ^1 |: z2 Y" W
* L3 D$ M+ k3 B9 b5 K* t' ^& \: w% }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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) f. r6 S Y. G% q) ROf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.0 f- r$ [' t1 P2 e% G' O
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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."
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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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7 b( W8 O+ M9 p( S; f% d4 x- nThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000., |+ ]' y: c4 Y: Q4 k7 M5 G
1 G! J: i/ N. KFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.( }2 `$ F l/ H0 `! C, Y
" p* r3 M7 h- j: }/ ETax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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