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1 i& |2 B' l5 D6 J; cLZ is right. Please read carefully." M7 A, n/ o4 o8 J
CBC News:% k4 z& K1 k( Q
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.% w4 f8 }/ U3 {2 Q5 V4 [- ~
# X' T( V; c! c$ p# 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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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 $397,000.
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3 e! L( {2 j$ f2 [7 j) P3 sFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.
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3 S9 r8 s8 J$ G2 T6 r P8 U# UTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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