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( V& Z) [- i: a* t3 GLZ is right. Please read carefully.
w7 N( v p& x4 N+ rCBC News:3 n3 P7 [! A; s( Z
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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& @" Z8 b/ N: dAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.0 |. A8 g8 o( ^: i/ i
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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 $28) for education tax.8 G2 z: E0 [; W% f5 w9 i& I x
! g2 e5 L( V" V' q6 @* VThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."
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The city uses a "market-value" method to determine assessments. Most property types saw decreases in assessed values as of July 1, 2016, the date they were recorded, the city said.5 \ |$ _5 R3 N% c& Q
5 H" H( V7 Z8 aThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.- h3 y7 }6 J6 N' J+ U, _6 _
% I; m3 W3 N! {5 T, a+ F2 jFor 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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