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LZ is right. Please read carefully.
5 Z4 I. [1 W4 l x6 DCBC News:
4 S; b- d$ j$ B5 `9 IEdmonton 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.+ e6 }6 o, a7 R% {( l* N: G+ S' N
/ b/ |& | ?+ E* F# j, JAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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8 E9 k2 ]# ^* H4 l: D- _$ I* FOf 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.8 a; ?+ [% X9 B3 L) H. g# \
9 [. v5 d9 N! U; L# GThe 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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& C# ?& X. Z5 H& K R9 oThe 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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4 M7 n/ b9 r7 ~5 k- g X8 r7 aThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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- V/ V8 ?6 i$ y j$ H/ iFor 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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) |, D, e% d5 h3 ]/ n' I' MTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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