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$ z- C2 A2 Y2 |$ l: y. H4 [7 n; [LZ is right. Please read carefully.2 G1 p% N; V& r, U, _
CBC News:0 q/ S t* l+ \0 X
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./ j% [4 F0 r( _$ a! o9 q6 l8 K0 w, w- z
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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 $28) for education tax.
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."" y3 @* }. x1 \9 R0 k$ o* o# }
6 L+ D: [3 _% ^6 X9 A% QThe 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.& k( W2 [4 @0 Y' m" J
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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.6 W7 e; k& X; j; x! n/ ?0 E3 D
, e4 b$ I2 U6 P% R" I4 L9 }: A9 L. PFor 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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Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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