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LZ is right. Please read carefully.
( v4 G% V, X) N: t/ \: V7 M4 BCBC News:
& l/ R# z h2 Y: Z- _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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Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.: y1 P' [) C8 V0 W- J/ L
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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. S M/ F* X, Z6 W
6 J% h1 @( M2 D1 k+ Q/ i( I+ bThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."( V0 J6 O, ?8 j) v; ?
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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.* N& _3 n x6 U
: v6 l! {- r3 \* nThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.& {" E% G. N( z1 {$ p1 S
1 j7 R% l/ e2 n4 |/ f% IFor 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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