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+ ]1 _+ j1 e6 V( F* T8 nLZ is right. Please read carefully./ B3 u2 W. @' r
CBC News:& L9 `2 j6 h' w
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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) W, x5 m0 }9 f3 a3 aAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before. E( V, g* i& S' u, E) t
0 Y" W3 Z, W# W# L+ q, q8 YOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.: U* P3 I6 ?( G: {8 }, [2 W
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy.", {1 b/ Y2 T% ~# ^) l0 l
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The city uses a "market-value" method to determine assessments. Most property types saw decreases in assessed values as of July 1, 2016, the date they were recorded, the city said.
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( v$ g7 d; H" v$ `The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000. H" z( }% Y2 B. B
! F# D# t6 Q% x3 U' eFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.& x7 s4 O& }1 C2 i
) \5 O5 X: d; [Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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