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LZ is right. Please read carefully. \9 U5 Z# L$ T+ ^# b
CBC News:' g5 F Z1 M2 E4 T1 `
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.7 N% N: x# b/ s% ~+ m( |: [( A. `
* {- i+ y! S; g- E8 e v' QAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.' g; _% @% \# f) ~9 W9 s0 q( t! L
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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."9 [! L4 j3 ]0 P/ L
9 o9 s5 b9 c! _3 G, bThe 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.
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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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