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8 s# Q2 A. r5 [ H- H YLZ is right. Please read carefully.
3 {4 X/ E" {$ G/ oCBC News:1 j3 b( h% k% }% M( [6 ]
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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, j6 u, ~/ @) [) b( }. C/ mAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.! K& M# @! Q' F' J2 j" a
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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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9 I' c+ X1 D* |3 jThe 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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* Z* f5 ` w- Q9 o! T: J8 KThe 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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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.* N$ ^6 B6 c* m( a5 u' K
6 c9 T" R) W g+ d$ L8 cFor 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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# S. B3 h( q, C& i, Q( _0 [Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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