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$ p6 \7 i4 c$ D0 O# E% z" |LZ is right. Please read carefully.
, M% t6 Y: @$ {1 o) y# ~CBC News:$ Y2 i9 n7 B7 G2 Y5 r% B
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.
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d/ Z7 C- L# O) S% @% W1 {) XOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax./ T4 N9 I+ E& U+ G
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."
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The city uses a "market-value" method to determine assessments. Most property types saw decreases in assessed values as of July 1, 2016, the date they were recorded, the city said.9 ?" j/ n% ^- R/ W* T$ k
2 w0 t4 }2 Z! V; z' I3 uThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.- v! Y+ u! W. U' J" V: H
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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.
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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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