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2 N( d8 f* E' o0 E! u) [0 |LZ is right. Please read carefully.
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# e# U. n0 ~; o f3 d) G3 |+ S% CEdmonton 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.$ w8 m0 I4 C4 |" [7 C
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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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0 d1 @3 }; D8 ]" X% J" \+ DOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.# R' Y9 d, {- [! h
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."! {" X8 s0 T3 ]/ s$ p5 ~
+ s9 b2 U" `; W/ M( a hThe 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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+ d0 F8 t9 N+ l& i/ b, \7 y1 jTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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