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7 g, \6 }* t6 N8 W2 G* u2 dLZ is right. Please read carefully.- {. c; s1 |9 ^* [/ K, j% ^
CBC News:3 v' s' M" W2 b' Y/ d
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.+ [& n+ b* j% d5 D: _8 N# m
1 B. U# M( Y* h6 X( ?Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.$ Z8 u- H6 e% i5 G
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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 $28) for education tax.* i& S$ K2 M; g j
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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.". d9 _6 @0 E0 p6 }) ]1 [
* q. |* z+ x' |6 I, v7 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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2 J Z0 X) f$ m$ UThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.4 H5 A0 v3 ~; f) t' i* W
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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.( p8 s: B% S5 R+ x2 ]& ?1 ~
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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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