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LZ is right. Please read carefully.
+ H8 f$ r& `" B! V- A9 o3 M3 n9 hCBC News:! C" P5 ]& \3 j1 k+ t
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.6 x' d; H, L2 X0 ~% ^1 V
% L8 `& ~ } b, \8 X7 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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0 j; j; V2 j! KOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.3 o: h) @: Q7 Q! o! m+ j4 ]
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."
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The city uses a "market-value" method to determine assessments. Most property types saw decreases in assessed values as of July 1, 2016, the date they were recorded, the city said.% X) w/ e5 J' s/ t: f2 }. N
" H8 }$ F0 C& I4 P8 L% H& ^. l4 ZThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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For homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.
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$ j' Q M) A/ H2 sTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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