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LZ is right. Please read carefully.
# N) p* F$ H+ w8 B* aCBC News:
0 @1 T( Z i- q3 l2 L; H: CEdmonton 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." ?' ]+ n: {3 B/ [7 B; ^
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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.
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Of 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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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."7 I( T4 w+ g5 y' t
& M) n- I- G" C! b% JThe 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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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.9 S* o2 N: \; y! F0 E- j
* F+ D) n$ P2 K c1 X/ `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., _ }0 W/ |, z K L/ f8 Y9 K
8 s( G. Q( u! n' i' s; uTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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