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( b# q# P. L( }0 ZLZ is right. Please read carefully., C/ ^1 d9 K; |2 x0 b7 s
CBC News:
% ^5 y+ P$ z5 l* D 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.2 d& M# A4 |# I% e
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Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.9 m! B% D( E+ F" X$ r8 q* G
& h* P$ B+ v' XOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.
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3 Z$ N$ J% q* N$ ]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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% L2 c% }: r/ `1 {5 R$ w) ~4 `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 Y# W8 k0 V. P v$ K' e
3 F5 _6 c9 y+ Z" J7 K# F4 BThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.9 [2 q. f7 M# }- A4 D
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For homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.
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9 W$ M0 V1 o8 e; R* {8 ^Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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