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0 K4 [. d2 N( k" \0 ^% x8 c( C% BLZ is right. Please read carefully.
! A& A4 _) R+ X6 V5 P& ]CBC News:
! p0 j% C+ |# 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.$ m' l7 h7 C7 h8 i$ j7 }; i" C" R
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Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.; A$ _: ^1 I# u: {3 x6 |6 m% d0 j
: J, g9 d. ^0 q9 w9 z* l: f% gOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."
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5 n# f6 y" f0 cThe city uses a "market-value" method to determine assessments. Most property types saw decreases in assessed values as of July 1, 2016, the date they were recorded, the city said.
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. Y- _; @; i$ K8 P( DThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.: F2 ~" ]8 M4 _8 p
: l7 Z- U2 v7 b% N* E% I9 `For homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.2 [4 N( o- Y- k
8 c( Z6 i, v' b4 u8 oTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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