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LZ is right. Please read carefully.- D1 E0 Y3 R4 Z, M
CBC News:% \3 A# i0 @, }# {6 ~( e# a7 m; J
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.2 t3 Z, K9 j1 f; e, Q9 o* q
o! e8 F" K( A" Z2 h/ iAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.$ ~$ y4 C7 T3 N1 N5 ]- z
* j4 W; G) j7 n0 M3 T% u0 P( c" SOf 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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' L; A8 b/ a& N- R) z( b! mThe 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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7 u @ v' H6 O9 q% k% O& ZThe 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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7 B3 X V9 v& {, XThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.! N1 e) a" T* ?6 U
' V A; Y3 p4 K! h* F& X- `For 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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