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LZ is right. Please read carefully.# V- ^. O0 }: L
CBC News:/ D; O6 u1 E5 V
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.
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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." x3 b* I1 y6 l0 _5 C
L. K2 s6 ~" S1 o, U8 ~Of that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.
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, s7 i& U: b& O$ @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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8 a4 j; E. h# j% q1 c" I1 \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.
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9 }& _* O0 B; f% E% }3 rThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.1 R: k7 g: A& o1 e
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For homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.) K- K8 @$ A. R! L, N h' Z/ B
& `$ s5 a; h0 ?7 B9 ITax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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