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9 g1 n U1 j0 w3 r% Q& ^& J" I7 m ?LZ is right. Please read carefully.
/ R# }9 m& x4 ]( qCBC News:
- W7 \8 ^. }1 j' R0 @ @. R1 U9 {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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Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.( _. }, e/ @5 u( X
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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 $28) for education tax.( x. R% u8 Y/ L% O, N$ V( |+ x
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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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2 Z6 o0 f) d4 }0 o3 qThe 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." o& {3 K/ w3 \+ }9 u
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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.# W$ ?" j% y8 O) }! [* O8 L6 k
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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.( A1 F/ G' t# }0 s
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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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