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, o+ L( o4 A! M& l H+ JLZ is right. Please read carefully.
# ]: R) d9 C, G# w6 qCBC News:$ K, V, D! q. [1 k8 {
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.
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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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+ M7 v8 m2 t0 I/ O+ a7 A) W) Y! dThe 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.5 X: h/ w# @- l1 I" }% k+ N+ n' y
8 u6 R# c' J8 qThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000." G2 W% U4 p f" g
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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.& `7 Q/ E% U- d4 n3 ^
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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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