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LZ is right. Please read carefully.
1 z$ Q8 ]2 y; q9 w4 {8 f6 w7 MCBC News:
) y* Y' [; B: _7 B+ rEdmonton 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.- i, M/ {9 t: l X4 M: x
: j1 e u& C% k; A h3 B/ J. uAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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9 N; S& `& o' W/ f# AOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.
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9 _1 s1 ~# ^$ m0 T1 V: f* 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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. `8 o1 C ?! }8 yThe 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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( t0 X+ L3 a9 R8 ?8 b" }2 JThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.8 j, R) \/ M! f9 q7 k
$ k% ? r/ Z/ h5 X6 s% ^- T/ J. bFor 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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