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* ^. G, q9 ^" G2 B$ b( A/ wLZ is right. Please read carefully.2 c. T: K$ G# v5 H. d2 s
CBC News:" B, {: g( D) g3 s
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., J( N5 ?6 o) X& J
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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.) b- B2 b& I8 G6 P* m' e
* M+ I; ~" R! |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.
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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."4 |" n8 z" I" R5 P, _& u. d
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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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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.; |# _2 y9 G5 Y; h' _
2 M4 W8 f9 w1 d; {9 Q& C: j3 XFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.: U% Y4 _+ r9 ~& z
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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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