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# R$ o& Y5 k2 ?0 N* T; GLZ is right. Please read carefully.
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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.
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6 o& H- Y0 c$ N; FAnnual 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 $28) for education tax.2 h; o \. H% c$ c+ Y: K: P5 h
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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 y V% {) @: C( G3 Z# {1 I" a
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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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6 i) X- b3 X1 `! K; N; s" H1 HFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.' R2 R! i/ i- ^# {# z
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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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