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# T+ |* A4 p- \4 t7 dLZ is right. Please read carefully.2 C8 v9 j6 D8 Q) r" J1 i; j; c
CBC News: x/ Z' T6 |9 {0 j
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.) K' B8 r/ ~9 p v9 ~- D. G
1 s' z/ X- D: Q: r9 M& eAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.- |/ k0 k; ?5 \! G6 C
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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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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.
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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.* u2 U' d2 [. H3 f9 [4 h. P0 V
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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.- T. ]2 r. G- P9 @, u+ c" j: b
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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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