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b( h& p/ \" |" l1 W1 |* K/ R* @LZ is right. Please read carefully.3 Q% F, D9 ]4 F0 n3 k
CBC News:
2 L& [8 S) k' \, n7 H& \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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, o3 @; L- [* ?/ Q# l2 v4 ?: z4 vAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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; [( o7 G, E9 O/ e* _0 J; C7 r1 F) `Of that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.9 t; D9 e' r i% d( B; d4 {
# E9 C# m1 e" M9 i {8 jThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."+ p% t* D: \! C6 p; u
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The city uses a "market-value" method to determine assessments. Most property types saw decreases in assessed values as of July 1, 2016, the date they were recorded, the city said.
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/ O. Q% B$ S8 Z8 F% rThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.5 q/ J) B0 e3 x* C) t
* |7 @& ^$ Q$ c- B" MFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.% N2 i$ w% `4 D' o8 |% L8 u. \, u
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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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