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6 Q7 Q* j7 k1 \: u( cLZ is right. Please read carefully.
, F, b- Y; s+ N9 KCBC News:
7 ]6 l) O% k9 h' s5 E) zEdmonton 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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5 x1 ^5 M/ a1 d* f9 rAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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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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' v7 A6 L% \: t, Z! H; M# H! uThe 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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: j, \! Z% [6 Y1 ^# y: GThe 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.3 i7 |: m/ C+ W; v6 w
, _7 O8 P/ y. Q7 XThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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, {8 W+ e2 r0 ]% F& nFor 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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