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8 ?' p: N* j/ H9 wLZ is right. Please read carefully.2 _7 W/ U$ N( d9 `4 h
CBC News:
- O& Z( B7 \- L/ c. sEdmonton 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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7 J! o+ W! t8 W+ iAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.& U6 b/ Q; {! u. A2 _9 R7 t' d
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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 $28) for education tax.4 K( R% h E- P6 i s$ H! F5 K% A
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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."
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, Q4 B0 x, j# X0 k0 @) H/ R7 A. V* MThe 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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/ C2 \! N) X" w4 f) u1 F5 e; g- IThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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( E- F3 ~ W1 ^0 p0 l) IFor 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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