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# @/ x( T' B# J" F& mLZ is right. Please read carefully.
& B7 O' |! U/ y: W& {9 cCBC News:& n6 _- \$ `" b7 m# m- ?
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 $108 from the year before.$ w3 D% v" G2 E
/ }9 I( o# ? N- D* }/ I" @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.6 S; _* @% p/ k
, x% G4 s; Z, UThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."+ P* {6 X- s7 J& r( }
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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.+ N! K& \/ k4 L+ P, c7 b
( B% q) @9 ?. oThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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0 t* r+ o4 l3 p S# qFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016., K, p6 f6 g/ _! g( _
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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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