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; c3 D7 ?# J6 R" n: Z& K; v7 KLZ is right. Please read carefully.: y# |# L% i' J# n2 y4 O! e0 R8 y, h
CBC News:& C; A; w$ K, Q9 p
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.1 l7 L- W0 M1 i* @/ N
5 B; V( V5 {5 q7 {0 a' SAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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1 L4 W b. a0 M# ]3 @Of that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.
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4 m4 ]2 W. B( X: s e3 `* PThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."
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( y' p; i; g" i/ l0 O/ x1 ^$ ]. j, {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.( }4 Z& |( m5 o1 P% H1 x
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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.4 ~1 F2 i* L6 U
3 R* \0 H# o# E. C) Y7 AFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016. M. L, e/ r. r' u8 A( P
' ] a' r- S, L! E/ L6 kTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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