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' \# D7 Z, R' ALZ is right. Please read carefully.
9 m. A+ s, q- e) Q2 {8 ]! CCBC News:
; V+ e$ K% z+ k8 X/ E5 f" l' o" vEdmonton 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: D# x. U7 K c
! K- S4 ?4 Z2 \, R4 v7 EOf 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.
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( W& E: R; F( ^* W8 yThe 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.: P6 y& P( m6 Q7 N
! J+ P" r5 R3 \5 X4 kThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.& `( F; \( B: b
6 A7 E ?6 u. @9 D' OFor 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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