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LZ is right. Please read carefully.# \5 W1 } L8 M1 v+ Z
CBC News:
2 t. w+ m+ p% a! ~4 UEdmonton 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 $108 from the year before./ K' @+ o0 V, C2 |2 T9 p; x
5 S7 }$ ~! S+ p8 d: ?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.1 C3 @- O! T9 b, D
# L4 K! `5 t7 k3 ^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 $397,000.9 \- R; f8 y/ T6 S6 I4 J
, p: z0 C1 }% B; n! E1 v5 |. DFor 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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