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1 S+ d1 B9 D8 ?+ C+ O- w/ NLZ is right. Please read carefully.
( B# f7 q5 A5 Y: c3 b8 Y0 k. fCBC News:& L1 |+ L, w* k- \9 w5 I( H" P* y* z
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 $108 from the year before." e g$ a. h6 }
0 ]. h+ w4 H! b* `, j8 rOf 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.: R, j( | y: ` \$ J
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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."' k" k% Y& }3 {1 L
# U. n+ M% E! M* ]/ t' CThe 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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, l: L) _ }: d" t! \8 M z eThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.8 I' k- q1 U1 Q5 J
- o: r/ o; i9 |/ [/ |: ?6 u# jFor 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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) l" a) ^% x+ X! P! D5 k6 n5 G, ATax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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