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9 u$ Y# ^. o3 N3 ^LZ is right. Please read carefully.
- W6 a3 `4 |% A( W0 ~& l+ L) |CBC News:% T' t0 n6 e" N. @0 J1 }
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.; X' ]; w. j0 s* [& e
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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 $28) for education tax.9 K$ m1 g# y) d2 F
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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." \. e! `6 a; F8 C$ o: K
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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.( f: }$ _- ?! E) k7 {
- \4 Y3 B5 z: m1 ?1 _# f0 _6 bThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.' y) _( n: d V! {* I
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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 2016.4 l5 x4 G! K+ p" u
6 Y( I, C1 p% s8 T a0 y eTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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