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LZ is right. Please read carefully.$ q% I- e- |: R0 X0 r2 X: h) r
CBC News:- J" K/ R4 t+ x
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.7 q; O' t: D. E( D) e4 E
( o7 ]4 t1 g0 n$ v% HAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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+ b( s( ]( H1 o4 B* @' c( _; h8 |! nOf 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.% Y3 M- [2 G9 g' o( v* |5 L
8 i- C5 W: i& TThe 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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& l9 u8 @& ]. |4 f, N/ P0 r/ J* J+ vThe 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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2 `9 {# S: F1 u8 v: X- u; w1 fThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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; j' Z" m+ u8 NFor 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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3 c( Q% W8 r/ p0 ~5 z, VTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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