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LZ is right. Please read carefully.
" ~+ ^3 x4 I- e; {) l# wCBC News:
0 ?! c( t- A& j) Q) E# h& E" KEdmonton 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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Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.( m. V6 s; r" k3 B9 v( p
( a8 a4 `7 @, {9 B4 J2 }3 i. SOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.! Z. u( a7 W% e! N% H# v1 m: J
" y: h" t6 d$ |5 V9 E. `The 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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( q4 p8 R9 p! A/ {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.5 ^8 o. X9 }8 D' R
8 j' R) O: x4 @# bThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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0 f) U3 p' s! C2 f1 gFor 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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" U2 o% K& b M. pTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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