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2 L/ C; R+ u- y( lLZ is right. Please read carefully.* Z+ p( _6 ^. z6 L
CBC News:
- j9 x6 F5 x' J# J+ d, lEdmonton 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. g2 n2 c. E! f) N: g, M
: y0 Y/ i: X! m+ ]# MAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.4 _+ Z; s5 O7 s8 Z5 b
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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.
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9 w4 W! [; o0 kThe 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.
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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.
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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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% C, o q: l5 ^* C, \) ?' `Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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