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0 T7 O; B. E! |LZ is right. Please read carefully.
+ @0 ^# z9 I& f* U2 ZCBC News:/ b* \0 P& n9 i) J, J1 w5 v$ k
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.- h0 k; c+ u. N# m4 }
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Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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- Z& w s) W$ K: _1 b4 p8 j. fOf 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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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."3 f% ]. Y2 @+ J
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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." x, E3 N# e9 q6 j% R* d/ V
/ X- K. X/ [1 q. {. v" [: ^0 SThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000./ b8 K y% n7 |- r0 A3 y/ w0 B
5 L- I7 S5 t* j2 d* k: u" F- c: OFor 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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Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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