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) O, r, \+ R) m8 |; I+ I, j; hLZ is right. Please read carefully.* s- @3 U3 n6 k' r4 V
CBC News:8 c! c! {: d: c" G8 z5 U
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.
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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.% Y+ v. ^0 @% s3 u" \
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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 $28) for education tax.4 Y$ k; ]2 |' A6 W- C5 o
! z+ E6 a3 x* P3 A) \3 W0 V. FThe 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.# G" [. y" P5 C4 r5 H1 G( i: O: P1 `
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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.& w. V, n* i' U
- t1 `* A. |& ?& _/ @- wTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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