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LZ is right. Please read carefully.
9 v. ]: Y$ _ P$ H2 wCBC News:
" ~! p* E" q$ _ S. l: k$ ]* M REdmonton 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.: E6 ^4 {9 H& e4 d; v4 W4 K
, L X# R0 D8 Y. hAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.. \/ R! \$ s6 n7 m
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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.) V8 l& \+ \! p0 H0 X, \) r9 H K5 O
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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."0 P8 _$ R4 M" o E( {1 w
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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.) I/ d3 w# j* W1 K) i9 ~! A" l
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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.# x& G! p' o+ P6 T# Z7 O4 a' M
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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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