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* Z- o. f& Z7 `* H5 X6 wLZ is right. Please read carefully.
; ^" i2 @9 _& V! N# h' \- Y- YCBC News:/ ]/ {' w9 u/ }, i2 U
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.
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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 $28) for education tax.2 N! |+ w# ~: p: k3 l* ?+ r p
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy.": M! p7 r9 U' F( h
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The city uses a "market-value" method to determine assessments. Most property types saw decreases in assessed values as of July 1, 2016, the date they were recorded, the city said.
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- w8 j3 X$ m& q- z( W" J! x BThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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) {& A" Q' X8 I9 `0 T$ T( |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.: Y- e; i: \9 j4 Q4 Q+ }0 G
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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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