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LZ is right. Please read carefully." \( F- D, S0 m4 L E4 _+ o
CBC News:9 [4 [8 y! F. e0 W$ @! D/ \
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.8 w% _1 E* S% u% n* [" p; N
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Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before. j9 G; F; {% ]4 K$ w+ J2 Z
# w5 h2 q* [! @6 lOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.
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5 B# R p5 V1 w. a z$ }: FThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."- ]! E/ [: y) M1 W3 }; i
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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.2 l* e8 u6 s; u* f& }
" L! M8 @ }. U& B+ kThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.' g& t; _& d- d; a0 w; B1 q
+ I7 L; C H D3 A! r IFor 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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