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LZ is right. Please read carefully.% ^; j6 K) k) P
CBC News:
$ |1 w C8 p. D, } i# QEdmonton 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. S2 F. l. N% @2 O
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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 $28) for education tax.- x) v% T+ z0 d, C+ D \2 K3 K, {
9 Y- K3 P6 }; d4 ]The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."% e' e6 `' A/ u$ }% J
; A3 j) Z+ A: p; M" MThe 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. K$ @% J( w! v. u0 R; D
. E* X+ b( j0 E6 e$ bThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.% Z$ S5 Q3 R# e- {% Q9 f' ^
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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 2016.3 O! \4 ?/ z; e6 V4 L6 Z; V
' E* \* j8 [- p- s. U1 E2 y. W% ~Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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