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LZ is right. Please read carefully.4 t, f+ A1 V/ u3 B- G
CBC News:
% F U O8 G/ u2 T) `2 \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.$ s* R+ R$ X. D1 x: Q' b
* Q s! P8 [9 M) X" s/ bAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.1 g4 _- M: p9 n0 g
: |8 e$ q/ ~3 A3 bOf 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./ ^0 b5 ^% m. ^9 |7 }
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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.& }9 I% Y8 N/ T8 _- H& N f. P
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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.( V5 C+ W' v8 u; ^6 `
P, Q2 u3 S3 A9 DFor 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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# s4 a0 U6 G2 N& CTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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