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LZ is right. Please read carefully.
3 r$ D) @- A' p. I( ^CBC News:; b) y6 x" \5 |+ R8 ?" |
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 $108 from the year before.% d9 S$ D8 P& J3 G0 @3 y
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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 $28) for education tax.
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7 D! e+ _6 K9 D$ S; s: j& n6 u0 LThe 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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4 J. e" F1 n4 n m% GThe 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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" `9 x4 Q- U7 v, L5 R1 |5 ]0 sThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.. T( O4 C5 c+ 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.
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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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