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8 c. E# S5 m+ ?+ w3 VLZ is right. Please read carefully.
+ ~# e. u6 f, \( iCBC News:4 Q$ q0 J: `/ c/ R0 {
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., l5 ~8 m, D/ P1 X5 {! `
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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 $28) for education tax.
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/ k" K3 V, U* T! c% d5 j" pThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."1 T0 s1 i! l- A' k6 s+ y( |
: m7 t- Z, n) @The city uses a "market-value" method to determine assessments. Most property types saw decreases in assessed values as of July 1, 2016, the date they were recorded, the city said.$ s( \' T w( M7 A* X
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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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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.+ a9 t9 K4 ?. A( V& i
, D# t7 }8 T! W0 UTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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