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LZ is right. Please read carefully.
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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.+ U( x3 p, z% j% Q8 c2 T% J0 e
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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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5 z' u7 \8 ~5 J+ d% [Of that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.8 \* i$ D% V5 Z
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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.
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5 v- Z f4 z( s" a& hThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.0 r: X5 x: M5 v Y/ h
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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.+ Q% {4 h r3 W; J6 O. G
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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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