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LZ is right. Please read carefully.* S* }5 `& [! N; }0 m
CBC News:8 V5 i& J0 s4 Y, Z# L# ?6 D
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.0 ?- c5 r3 P' w- {
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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.3 r! ?& X9 @8 d+ }9 R0 }
4 c G) j6 H8 F, d% [Of that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax., ]: x0 ^+ h9 z" W- o
! b- e. J! u5 z$ @4 C8 fThe 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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. `2 R# c9 p9 C, @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.& r0 B* }; S1 e( v8 O# K2 L) `
/ N6 V; B" Y+ i' aThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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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.
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/ ~% U, _7 r4 OTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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