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+ L. Y# f; s+ t- f: ?0 ^6 c/ MLZ is right. Please read carefully.: f- N: M5 I2 U9 Z/ f9 r9 \
CBC News:3 g2 M1 r! i0 s& B0 I4 E
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.4 i) {, q/ e9 U A7 [
" I2 P6 S1 ^! i' [: K2 Q2 XAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.1 c; u+ |# j: W) n: }: x
' m) v8 l4 ^( b( bOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.
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! V& f+ v8 E0 D3 T$ L( TThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."+ d; r- a- x' o
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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.- H3 W; {7 k t4 X* o. L
' q+ `( h! q0 F' S" n# kThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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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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