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& @ O+ N e3 P( Z5 A" t9 I( MLZ is right. Please read carefully.
* u& G; a6 C: z* w8 K" F2 A0 hCBC News:
! K+ A0 P% q2 C, I4 _1 @$ e! FEdmonton 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.( _* V8 E( y- 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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Of that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.; G: z. C$ M0 Z; F8 U
% G. e9 L$ i- I. ?" z1 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 $397,000.+ Q- S! v: R+ O+ ~" [. L
) l, s3 l$ L3 o7 t* B8 UFor 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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. e1 _' P; R' MTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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