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/ {$ Q3 l4 S4 r2 l, G) G2 VLZ is right. Please read carefully.
0 w( P7 T7 I, x. TCBC News:$ Q5 f; } E$ f" I3 k) y7 u' M. U2 }8 g: 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.; q6 [8 s$ C' E3 V/ b
3 v# h8 H& v9 s& u$ c# ?0 g- Y$ aAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.7 _& j, u) f. T! c/ f0 E
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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 $28) for education tax.
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6 V. }3 U4 K5 m d" p0 s {; b, PThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."
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The city uses a "market-value" method to determine assessments. Most property types saw decreases in assessed values as of July 1, 2016, the date they were recorded, the city said.$ P. K* c0 n- o9 n* \0 n; o' m
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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.* ~! W- l* k3 H- v8 f5 T
4 y6 w% T! x6 J; x. RFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.
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9 `0 W. O, j$ D/ A4 g1 M/ r, s5 x$ s! ~Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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