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7 ?" v$ F" U: T& Y5 ^LZ is right. Please read carefully.
$ H: m% P* L8 y7 OCBC News:
g M: Y0 b3 b# v: \" F# D* qEdmonton 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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: L' X) }( |$ H& U+ C4 _* C& QAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.) V9 ]5 u: l: m2 ?* \5 C* W
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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 $28) for education tax.$ S& [3 n2 Q$ Z. r3 G3 A6 v8 y
% X% n+ Q9 _1 z& N2 FThe 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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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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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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) v0 J$ d% }- F9 g" t" L% lFor 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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" r5 `1 b2 P7 M9 \' ?Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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