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LZ is right. Please read carefully.' z. V3 j7 W' z. y w
CBC News:- W$ u6 k3 j0 C3 N: l
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 $108 from the year before.
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2 I6 \* b7 a3 b; j$ A6 R" mOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax. |0 Q0 ]: {2 t. G9 f
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."# S' G4 y6 ]5 \. E. ?6 k
: c$ O# }4 Z+ P' ~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.
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g8 }3 P( y9 C1 b8 [. LThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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7 j0 Q9 }0 q) z {/ D aFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.' \" ^9 r6 Z! i) Y5 H) y2 a# G
, P8 j8 l8 A7 L. r9 nTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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