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4 S" M* f& ^' N+ |LZ is right. Please read carefully.
8 ~7 ?$ M0 S' R8 _CBC News:- e8 G# m( D& b( i
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.% Y. S1 S# C1 [! l6 X
" v% Y1 K2 s0 c/ g+ EAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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' u g2 c9 P, _' g0 A6 iOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax." \+ Z, f& F4 l$ c& w. H3 U, j
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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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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./ N$ _( X5 P4 q6 c; U+ |# n
. W& ^2 w8 V' b( I) h" X* _6 cThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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, U. p' c, k l1 u2 \ eFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.6 C, z' P: _& o6 z. M
5 z5 \( M9 X2 M( ~# u' UTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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