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LZ is right. Please read carefully.
* ` b7 ^9 {1 \6 J2 j$ \# N* mCBC News:
* x8 Y5 ?% h' L6 i kEdmonton 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.2 e" |! A: P- p, @: Z P
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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.6 A- J, h Z+ m6 a& F6 K
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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."1 _2 }: X- Y2 M! v. V
% H1 o2 w; l0 I1 u- r8 ^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.) e- m) B4 `: u) `! b5 S9 @' C* d; ^
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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.6 T- |& J( h4 a3 F3 t
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For homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.% q9 O2 F4 o3 X6 e! o
% B6 q c$ Y% B- GTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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